Home / Knowledge / News / Apparel/Garments / UK retail sales rise for first time in five months
UK retail sales rise for first time in five months
31
Jul '13
Retail sales saw the first rise in five months in the year to July, according to the CBI’s latest monthly Distributive Trades Survey.

The survey of 60 retailers saw year-on-year high street sales this month grow at a stronger pace than expected, after a flat first half of 2013 - the first rise since February.

But overall sales volumes remained below average for the time of year and sales growth is expected to ease back slightly in August.

The detailed findings show the strongest growth in clothing since February; a further rise in footwear sales; and department store sales showed their strongest growth since 1983.

Other sub-sectors – including furniture & carpets and specialist food & drink – saw falling sales volumes, while grocery sales growth remained modest.

Stephen Gifford, CBI Director of Economics, said:

“The feel-good factor from the heat wave and early summer sales has helped boost high street sales, after a very weak start to the year.

“A return to even modest spending is welcome news but the bottom line is that confidence will not bounce back fully until family finances improve significantly.

“A positive knock-on effect on retail sales from the royal baby has been mooted, but much more realistically, continued good weather and discounts will play a greater role in retail growth over the next month.”

The survey, which is 30 years-old this month, was conducted between 26th June and 16th July 2013.

Retailers

Key findings

-43% of firms reported that sales volumes were up on a year earlier and 26% said they were down - the resulting balance of +17% was the highest since January 2013 (+17%). This was slightly above expectations of +13%.
-18% reported sales volumes to be above average for the time of year and 37% below – the resulting balance of -19% was below expectations of more modest decline of -6%.
-34% placed more orders with suppliers than they did a year ago and 27% fewer, with the resulting balance of +7%, slightly up on expectations of +2% and the highest since January 2013 (+15%).
-Grocers’ sales growth was modest (+6%), marginally down on last month (+9%). Other sub-sectors reporting year-on-year rises included department stores (+98%), clothing (+73%) and footwear & leather (+17%). Falls included specialist food & drink (-43%) and furniture & carpets (-73%).
-Sales volumes are expected to rise again in the year to August, with 39% of firms expecting an increase versus 29% predicting a fall, resulting in a rounded balance of +10%.
 

Wholesalers

37% of wholesalers reported sales volumes to be up on last year and 13% said they were down, giving a rounded balance of +25% - a slower pace than in June (+45%) but well above expectations (+5%) and driven in part by the fastest rise in food & drink sales since September 2011. However, wholesalers expect sales growth to ease back next month (+15%).

CBI


Must ReadView All

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: H&M

Apparel/Garments | On 15th Dec 2017

H&M, Alibaba extend collaboration

H&M has extended collaboration with Alibaba with the opening of its...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Erik Sy

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

Rikesh Mistry

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search