Retail sales of textile & garment products drops drastically
26 Jul '08
1 min read
The demand for non essentials products like fashionable garments, carpets, footwear and furniture has dropped drastically in Scotland this year. The shopkeepers are going through dull phase as there is recession in the market, resulting in the sharpest drop in sales of retail in past 20 years.
The sale volume fell by 3.9 percent in June when compared to May with basic growth witnessing a two year low of 2.2 percent. The shops selling items related to clothing, footwear and textile were most affected as sales dipped by 6.9 percent.
Going by the statistics recently released by Office for National Statistics (ONS), month-on-month sales dropped in June, which has been the largest since 1986.
Experts related to retail sector are of the opinion that economic slowdown in the country has forced the customers to cut down on the purchase of expensive items like high end clothing, home furnishing and other lavish products, so as to spend on basic necessities.