Blog: January sales rise just a “blip”?
Leonie Barrie | 10 February 2009
Even though January saw the best performance from UK retailers since last May, we’ve been warned not to get our hopes up and that the sales rise could be “just a blip”.
Helen Dickinson, head of retail, KPMG, says that despite bucking seven months of declines in like-for-like sales, the figures don’t mean consumer confidence has returned.
“The results are heavily skewed by food prices creeping back up again after the heavy promotional activity in December,” she says “and by a reasonably strong performance in the first week of the month, caused by the continuation of a short-lived pick up in spending immediately after Christmas which ended by the second week.”
Non-food sales including clothing and footwear fell by 1.6% last month, but this was slower than the 7.9% drop seen in December. Again, though, the British Retail Consortium, which compiled the data, suggests this is not such a ray of hope after all, and that cash-strapped shoppers simply took advantage of the clearance sales.
“The divergence...between those that are doing well and those that are not, continues to grow, meaning the outlook for many retailers, and the industry as a whole, remains challenging,” Dickinson adds.
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...
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...
Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
- China leads US apparel sources with falling prices
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- Trade Tracker – Trump's first weeks, Brexit agenda
- Key trade issues facing US textiles and apparel
- Bangladesh "high threat" for terrorist activity
- VF Corp sees Q4 and FY earnings tumble
- Adidas and Burberry recognised for sustainability
- Sales at US clothing retailers jumped in January
- Ralph Lauren new execs to support Way Forward Plan
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022