Blog: Leonie BarrieGloomy July casts cloud over Christmas

Leonie Barrie | 10 August 2010

While hardly a cause for celebration, this-morning’s figures from the British Retail Consortium suggest UK spending is continuing to hold up, at least until the effects of government austerity measures begin to hit peoples’ pockets. The figures point to a 2.6% rise in total retail sales in July – or a lift of just 0.5% on last July on a like-for-like basis.

Closer inspection of the numbers, though, suggests a more worrying trend – at least for the clothing and footwear sector. Most of the month’s growth is driven by higher food prices, while non-food continues to struggle.

Without giving details, the BRC said clothing sales growth was boosted by promotional deals, but trading in footwear was more difficult. And summer sales, some of which started earlier this year, did little to entice consumers back in any decisive way.

If this is the picture painted before the government’s comprehensive spending review in October, then retailers should be bracing themselves for a very tough run-up indeed to the all-important holiday trading period.


BLOG

Trump and Brexit generate more confusion

Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...

BLOG

Bangladesh works to resolve labour activist issues

The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...

BLOG

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

just-style homepage



Forgot your password?