Blog: Leonie BarrieGloomy July casts cloud over Christmas

Leonie Barrie | 10 August 2010

While hardly a cause for celebration, this-morning’s figures from the British Retail Consortium suggest UK spending is continuing to hold up, at least until the effects of government austerity measures begin to hit peoples’ pockets. The figures point to a 2.6% rise in total retail sales in July – or a lift of just 0.5% on last July on a like-for-like basis.

Closer inspection of the numbers, though, suggests a more worrying trend – at least for the clothing and footwear sector. Most of the month’s growth is driven by higher food prices, while non-food continues to struggle.

Without giving details, the BRC said clothing sales growth was boosted by promotional deals, but trading in footwear was more difficult. And summer sales, some of which started earlier this year, did little to entice consumers back in any decisive way.

If this is the picture painted before the government’s comprehensive spending review in October, then retailers should be bracing themselves for a very tough run-up indeed to the all-important holiday trading period.


BLOG

China still dominates apparel sourcing

The latest full-year data on US apparel import trends for 2017 suggests China will remain the dominant sourcing region for some time to come....

BLOG

Retail's rapid transformation requires "platform thinking"

There’s no doubt the retail industry is undergoing rapid transformation as technology continues to reshape how retailers think about their supply chains and meeting their customers’ needs. But to posi...

BLOG

NAFTA trade talks inch forward

Negotiators are meeting this week for the sixth round of NAFTA trade talks – and as soon as this deal has been repackaged, the spotlight could turn to the US free trade agreement with Central America....

BLOG

How can apparel firms stay competitive into the future?

Continuing with the publication of our Outlook 2018 reports last week, we looked at what apparel firms should be doing now if they want to remain competitive into the future....

just-style homepage



Forgot your password?