Blog: Leonie BarrieJanuary 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.

 

UK: Clothing fails to enjoy January retail sales rise


BLOG

Act now to keep receiving just-style newsletters

You may have noticed a red alert bar at the top of just-style’s weekly and daily newsletters asking you to “Act now to keep receiving the just-style newsletter.” ...

BLOG

Apparel imports into the US rose in June

Apparel imports into the US rose in June as merchants stocked up for summer and prepared for the back-to-school season, with imports from Vietnam continuing to surge....

BLOG

US retailers under pressure to grow sales as mall traffic slows

Under Armour is to close stores and cut jobs – around 2% of the company's global workforce – as part of new plans to build a stronger and smarter company with faster go-to-market speed and greater dig...

BLOG

Agile logistics key to new hybrid retail world

US retail giant Walmart has topped a list of the fastest growing retailers thanks to its investment in ensuring it has the right balance between its online and brick and mortar operations....

just-style homepage



Forgot your password?