Home / Knowledge / News / Official retail growth figures opposite of what BRC claims
Official retail growth figures opposite of what BRC claims
21
Nov '08
Today's (Thursday) Office for National Statistics (ONS) figures show October's total sales values were up 3.2 per cent on a year ago, in stark contrast to the 0.1 per cent fall shown by the BRC's figures. ONS data also shows total sales growth increased from 3.0 per cent in September, while BRC figures showed total sales growth has been slowing since May.

Stephen Robertson, Director General of the British Retail Consortium, said: “These unexpectedly strong ONS figures suggest sales growth increasing in stark contrast to our own showing total sales actually falling in October. Given customers and retailers are being squeezed by a whole range of costs and consumer confidence at record lows, few retailers are telling me consumers are spending more. The boss of a leading retailer told me things haven't been this bad since the early 1990s.

“Conditions remain tough and look set to get tougher into the New Year, which can only make customers more nervous about spending. Retailers have reacted to the economic slowdown with wide range discounts and promotions. This is a great time to pick up a bargain for Christmas.”

British Retail Consortium

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Steve Cole
Xerium Technologies

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

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

Silvia Venturini Fendi
Fendi s.r.l

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search