Home / Knowledge / News / Apparel/Garments / Rainy weather keeping consumers away from retailers in UK
Rainy weather keeping consumers away from retailers in UK
18
Jul '12
Price-cutting by retailers has brought Consumer Price Inflation (CPI) down to its lowest level for two and a half years, the latest Government figures show.

Statistics out from the Office for National Statistics (ONS) put CPI at 2.4 per cent, down from 2.8 per cent in May. The ONS reports the largest downward pressures came from falls in the cost of clothing and footwear, as well as from food and transport. This reflects the high levels of promotional activity across the retail sector, partly driven by poor demand for summer fashions because of the wash-out summer.

British Retail Consortium Director General, Stephen Robertson, said: "Intense competition between retailers means deep discounting on the high street has become a regular sight. The dismal summer weather, including the wettest June on record, has forced retailers into even more promotional activity in an effort to spark consumer interest in summer clothing and footwear.

"Falling commodity and energy costs are easing pressure on food prices and retailers are rushing to pass this on to consumers. Real disposable incomes are still dropping, meaning pressure on household budgets remains intense, but this welcome news on inflation gives us some hope the balance may be shifting in consumers' and retailers' favour."

British Retail Consortium


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search