Blog: UK retail recovers at snails pace
Joe Ayling | 22 July 2010
A very slim increase in June sales might just be as good as it gets for UK retailers, analysts are suggesting.
Sales volumes rose by 1.3% compared to June last year, which at first glance appears quite measly.
Until, that is, you read that leading analysts at BNP Paribas and Barclays are predicting worse to come, with household spending on the decline and a VAT rise lurking...
And then you realise that the rise is not only measly, but also likely to be short-lived.
It is noteworthy that clothing sales have grown ahead of most sectors during the year so far, with shoppers going out for a bargain more than ever.
Perhaps strangest of all though, is the notion that England's dismal performance in last month's FIFA World Cup actually had a positive effect on spending.
Indeed, Richard Lowe, head of retail and wholesale at Barclays Corporate said: "June was a very strong month for retailers as the World Cup and warmer weather encouraged consumers to spend on electricals, garden furniture and clothing."
If there is any truth in this then new Chancellor George Osborne really does have his work cut out in gauging the nation's mood.
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...
- Digitalisation and data to disrupt supply chains
- EU eyes mandatory due diligence for apparel supply
- Unlocks for the future fashion sourcing landscape
- What TTIP might mean for US, EU textiles & apparel
- Geo-political uncertainty and how to survive it
- Li & Fung forms supply chain partnership with PVH
- US Q4 in brief – G-III Apparel, Finish Line
- Big data to help US firms improve clothing fit
- Levi Strauss and ILO probe Cambodia factory death
- Sustainable fashion app to help shopping decisions
- 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
- Outdoor performance apparel 2016: A broader perspective
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack