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Clothing leads retail sales growth in UK
31
Jul '15
Clothing sales volumes grew more than 78 per cent over the past one year in the UK, according to the CBI's Distributive Trades Survey. The CBI is the UK's premier business lobbying organization, providing a voice for employers at a national and international level.

Consumers splashing out on new clothes helped push up retail sales in the year to July, but the pace of growth is expected to slow next month, the survey said.

The survey of 117 firms showed that year-on-year growth in the volume of retail sales fell back slightly from June, after May's strong rally. Growth is expected to slow further next month, but sales volumes are broadly average for the time of year and are expected to remain so in August.

Orders placed on suppliers grew at a slightly quicker pace than in the previous month, but are expected to slow significantly in August.

Among the retail sub-sectors, grocers and department stores saw flat sales volumes, and footwear and leather goods sales volumes fell. Clothing sales volumes rose strongly, at their fastest rate since January.

Internet sales volumes remained in line with the previous month's rate of growth, and are expected to rise at a stronger pace into August.

Barry Williams, CBI Distributive Trades chairman and supermarket retailer Asda's chief customer officer, said, “Summer trading is traditionally slower across the retail sector but warm weather can often provide a welcome boost, as we saw towards the end of June and the beginning of this month.

“Despite the upbeat outlook for the UK economy, retailers are still finding conditions challenging and it's certainly something every shopkeeper will need to keep an eye on. (SH)

 

Fibre2Fashion News Desk – India


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