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.
Confirmation that digital supply chains are top of mind for apparel industry executives came last week with the latest plans from global sourcing specialist Li & Fung....
As a barometer of the issues top of mind for apparel sourcing executives, it is hard to beat the annual Prime Source Forum in Hong Kong. ...
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...
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Industry groups reaffirm commitment to Bangladesh
- Using worker surveys to drive supply chain change
- Where does VF supply chain sit in growth strategy?
- Nike filed patent for "reinforced denim"
- Adidas to digitalise Speedfactory concept
- Gap unveils five-year sustainable fibres pledge
- M&S extends sourcing deal with Lindsey brothers
- Adidas and Reebok top transparency index
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Myanmar - ISA Country Report