Home / Knowledge / News / Apparel/Garments / UK retail health continues to stagnate: think tank

UK retail health continues to stagnate: think tank

04
Nov '18
Courtesy: Retail Think tank
Courtesy: Retail Think tank
UK retail health in the 2018 third quarter stayed stagnant despite the summer boost that benefitted some retailers, according to the KPMG-Ipsos Retail Think Tank (RTT). The latest Retail Health Index (RHI) score of 79 marks the 10th consecutive quarter of negative or flat performance. Demand is volatile, while margins are under pressure with rising costs.

The performance reinforces the industry’s ongoing struggle with structural change as well as the perilous trading environment, RTT said in a press release.

Success in the fourth quarter will be determined by ongoing Brexit negotiations and retailers’ ability to navigate the economic headwinds, it said.

“While the start of the quarter was boosted by spectacular weather – benefitting categories like grocery and even apparel – overall retail health was lacklusture.... Any improvements made by retailers were very quickly suppressed by issues elsewhere,” said Paul Martin, RTT co-chair and UK head of retail at KPMG.

“The quarter....ended up benign rather than bloody,” said Tim Denison, RTT co-chair and head of retail intelligence at Ipsos Retail Performance.

RTT believes that retail health is likely to decline by one index point in the fourth quarter, bringing the RHI to 78, a score that would mark the poorest ‘golden quarter’ since the retail health index began in 2006, the press release said.

Some RTT members were more optimistic about the final quarter, believing that Black Friday and Christmas will result in increased retail traffic. The majority, however, cited both the impact of Brexit and the broader economic environment as key causes for concern. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

New EU rules for a fairer online economy apply from Jul 12

E-commerce | On 11th Jul 2020

New EU rules for a fairer online economy apply from Jul 12

The European Commission recently published a set of resources to help ...

Pic: Inditex

Retail | On 11th Jul 2020

Inditex to invest €2.7 billion for 2020-2022 plan

Inditex, a Spanish fashion retailer, has announced that to accelerate ...

Pic: Shutterstock

E-commerce | On 11th Jul 2020

ING Bank launches fashion marketplace in Romania

ING Bank, the fourth-largest bank by assets in Romania, launched its...

Interviews View All

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Tolga Ozkurt,

Tolga Ozkurt

Çalik Denim is among the world's top 10 premium denim manufacturers...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

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

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer Suman Nathwani talks about her...

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

Leave your Comments


July 2020

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


Advanced Search