Blog: Leonie BarrieHas UK retail turned a corner?

Leonie Barrie | 30 September 2009

Earlier this week the Confederation of British Industry (CBI) suggested the high street is beginning to stabilise after sales rose unexpectedly in September.

And today, retail bellwether Marks & Spencer noted said its UK like-for-like sales fell by just 0.5% in the second quarter, indicating its sales slowdown is steadying too.

Admittedly the figures benefit from being measured against a very volatile quarter last year, when retailers and consumers were absorbing the full ramifications of the banking crisis.

But Rose, who tends to be supremely cautious when making any forecasts, today noted: “Consumer confidence has reached the bottom. People feel better about life.”

Which doesn’t quite translate into optimism, but is probably as good as we’re going to get.


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?