Home / Knowledge / News / Wet & dull weather hit sales in August
Wet & dull weather hit sales in August
09
Sep '08
UK retail sales values fell 1.0% on a like-for-like basis, from August 2007, when they had risen 1.8%. Sales have now been lower than a year ago in five of the past six months, the worst since summer 2005.

Very wet and dull weather hit sales in August. A few sunny days, together with extended clearance events, helped some but underlying trade remained tough, with widespread discounting.

Clothing and footwear remained poor. Furniture and homewares were well down on a year ago, despite continued discounts and promotions.

Record-low consumer confidence and increasing demands on household budgets meant shoppers looked for value and planned spending carefully to take advantage of the widespread promotions and discounts. Housing market weakness continued to hit big-ticket homewares.

Stephen Robertson, Director General, British Retail Consortium, said:
“Miserable weather washed out hopes of a summer boost for retailers, already suffering the slowdown. Annual like-for-like sales fell in five of the last six months, the first time this has happened since 2005. Footwear was the only other sector where sales rose, boosted by children's shoe sales.

“Prospects for customers and retailers are inextricably linked. Helping retailers keep prices down by cutting regulatory costs is the best way the Government can assist hard-pressed customers. It must think again on business rate supplements and empty property rates relief and consider carefully where the minimum wage goes next.”

Helen Dickinson, Head of Retail, KPMG, said:
“The only good news is that the results do not show a significant and further deterioration of the trend over the previous few months but there is no doubt August was another disappointing month for UK retail. We continue to see total UK sales growing compared to same period last year but with like-for-like sales falls across almost all the non-food sectors.

The exception was footwear where women's and children's footwear sales showed marginal like-for-like growth in what is a challenging environment for all. There is also a wide variation in the performance of individual retailers and across the month, as many have used tactical promotional activity to drive sales, particularly around discretionary purchases."

Sector Like-for-Like performance
Clothing:
Sales were not as bad as in June and July, though still below their year-earlier level and often clearance-driven. Childrenswear and core basics held up better than adults' clothing, which is now often seen as more of a discretionary purchase by shoppers coping with shrinking budgets.

Womenswear was slightly better than menswear, with new autumn transitional ranges giving gains for some: knitwear, jackets and jeans were popular on chillier days. Top-end designerwear continued to outperform.

Footwear:
Despite extended heavy discounting, sales improved only marginally, to just above their August 2007 level. The gain was driven by children's, picking up after two weak months, helped by back-to-school. Women's sales were only just up on a year ago, as in July.

Must ReadView All

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

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

Johan Berlin
InvestKonsult Sweden AB

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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