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.
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...
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...
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...
- Unlocks for the future fashion sourcing landscape
- EU eyes mandatory due diligence for apparel supply
- Geo-political uncertainty and how to survive it
- What TTIP might mean for US, EU textiles & apparel
- Where next for Corporate Human Rights Benchmark?
- Li & Fung forms supply chain partnership with PVH
- US Q4 in brief – Finish Line, Oxford Industries
- Sears has "substantial doubt" of future
- World Bank commits $57bn to sub-Saharan Africa
- Target unveils "ambitious" store re-design plans
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective