UK: Retailers report sales volumes growth in June
UK high street retailers reported a further improvement in sales volumes and orders in the year to June, although sales remained below the levels expected for this time of the year, business organisation CBI said today (27 June).
The CBI's latest monthly Distributive Trades Survey, covering the first two weeks in June, found that 58% of retailers saw sales volumes increase on a year ago, and 17% said sales had fallen, resulting in a balance of 42%. This was better than expected, and was the fastest growth reported since December 2010.
Clothing retailers saw annual sales growth for the third month in a row, with 69% of retailers recording a rise. A balance of 96% of footwear and leather retailers saw an increase in sales, the highest survey balance on record.
"Retailers have continued to report strong growth in both their sales and orders," said Judith McKenna, CBI Distributive Trades Panel chair and Asda COO.
"The Jubilee provided a much-needed boost to our high streets with many families and communities making the most of the Bank Holiday and coming together to celebrate.
"However, it is notable that sales were still considered to be below par for the time of year. Weak consumer confidence and uncertainty over the economic outlook are still putting a brake on consumer spending across the whole retail sector."
UK retailer Sainsbury's has dismissed reports its chief executive Justin King could step down from his role in February....
Year-on-year sales growth at UK clothing retailers picked up in the first two weeks of December, according to figures released today (19 December) by the Confederation of British Industry (CBI)....
Supermarket retailer Asda says it has been able to win over market share as it reported slightly higher third-quarter sales....
Three organisations are calling on UK fashion businesses to ensure that workers at overseas supplier companies are given a living wage to match their UK counterparts....
Supermarket fashion brand George at Asda has opened its first Middle Eastern store in Abu Dhabi through a franchise agreement with Azadea Group....
Discount fashion and homewares retailer Matalan has appointed former Asda chief executive Allan Leighton as chairman, replacing John Mills....
Asda is to open more click-and-collect locations across the UK and provide free in-store wifi at all its stores as part of its bid to tap into changing consumer habits....
- Wearable technology a key trend for 2015
- Retailers react to India forced labour allegations
- Moisture management fabrics enter a new era
- Mexico urges fast-fashion brands to source locally
- COMMENT: Innovation is the name of the game
- Hazardous chemicals found in children's products
- VF rolls out plan to eliminate harmful chemicals
- October "a scary month" for US apparel retailers
- UK Primark supplier goes into administration
- Raising the minimum wage may reduce employment