Home / Knowledge / News / Apparel/Garments / High street sales grow for fourth month running
High street sales grow for fourth month running
30
Oct '10
Sales on the high street were higher than a year ago in October, according to the latest Confederation of British Industry (CBI) monthly Distributive Trades Survey. The figure was positive for the fourth month in a row, and retailers predict a slightly faster increase in sales next month.

The survey showed that 58% of retailers said that the volume of sales rose during October, while 22% said it fell, giving a balance of +36%. This was lower than the expected +47%, and September's balance of +49%.

A balance of +20% of retailers said sales were above average for the time of the year - the highest balance since May 2007 (+21%).

As in previous month, the clothing and footwear & leather sub-sectors saw particularly rapid sales growth, whereas sales of durable household goods saw a slower increase (+22%), after four months of stronger growth. Sales in sub-sectors including chemists and hardware & DIY were lower than a year ago.

Looking to November, a balance of +43% of retailers expect a higher volume of sales than a year ago.

Lai Wah Co, CBI Head of Economic Analysis, said:

“High street sales in aggregate have performed well again this month, but sales of durable household goods have slowed noticeably, in line with more subdued housing market activity of late.

“Retailers expect sales growth to continue next month, in the run-up to Christmas. We should also see more of a boost to sales as shoppers look to beat the New Year VAT rise, but looking beyond that, broader consumer caution may temper growth in spending into 2011.”

Volumes of orders placed upon suppliers rose strongly on a year ago for the fourth consecutive month (+30%), although this was slightly below last month's prediction of +40%.

Volumes of stocks increased in relation to expected demand in October (+22%), the highest balance since April 2009 (+22%). Stocks adequacy is now back above its long-run average (+18%) after falling below this last month.

In wholesaling, sales volumes were broadly flat in October contrary to expectations of growth. A balance of +3% of wholesalers said volumes were higher than a year ago, with the same figure expected next month. A balance of +8% of firms said sales were above average for the time of year.

In motor trades, the volume of sales rose on a year ago (+15%), which was broadly in line with expectations (+18%). Next month, sales growth year-on-year is expected to continue (+13%).

The Confederation of British Industry's mission is to help create and sustain the conditions in which businesses in the United Kingdom can compete and prosper for the benefit of all.

Confederation of British Industry (CBI)


Must ReadView All

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Strong exports, consumption fuel growth in Asia: ADB

Textiles | On 16th Dec 2017

Strong exports, consumption fuel growth in Asia: ADB

Economic expansion in developing Asia is likely to accelerate to 6...

Nomura  foresees 7.5% GDP growth for India in 2018

Textiles | On 16th Dec 2017

Nomura foresees 7.5% GDP growth for India in 2018

India's economy is on the cusp of a cyclical recovery and will...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Marcel Alberts
Eurofibers

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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