Home / Knowledge / News / Warm sunshine gives superficial sales burst in May
Warm sunshine gives superficial sales burst in May
10
Jun '08
UK retail sales values rose 1.9% on a like-for-like basis, compared with May 2007, when sales were up 1.8%. May's gain followed year-on-year declines in March and April, the worst since Spring 2005. Some warm sunny days this May compared with very wet weather last May boosted sales growth, but underlying trade remained tough, with widespread discounting.

Furniture and larger homewares remained well down on a year ago, despite continued discounts and promotions. Consumer confidence has dropped sharply to new lows. Increasing demands on household budgets and the weakness of the housing market mean shoppers are very price-conscious and reluctant to spend on big-ticket items.

Stephen Robertson, Director General, British Retail Consortium, said:
“After several mostly miserable months, warm sunny weather finally arrived in early May and helped lift customers' gloom. Significantly clothing sales saw year-on-year growth for the first time since last August, while sales of footwear, outdoor leisure and gardening goods also rose.

But we are not out of the woods yet. The economic fundamentals remain weak. BRC/Nielsen consumer confidence figures show the economy is the major concern for a third of people. The housing slowdown and tighter household budgets meant that, despite heavy discounting, furniture sales were well down on a year ago and there was a continued slowdown for electrical goods.”

Helen Dickinson, Head of Retail, KPMG, said:
“May's figures represent a significant improvement on the previous couple of months and were achieved through a much more consistent performance across the different sectors, the exception being anything home-related, particularly big-ticket electricals which continue to struggle.

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search