Home / Knowledge / News / Apparel/Garments / UK women's clothing sales up 4.5%; highest since Jan 2016

UK women's clothing sales up 4.5%; highest since Jan 2016

07
Aug '18
Courtesy: Becca McHaffie on Unsplash
Courtesy: Becca McHaffie on Unsplash
The long spell of warm weather has been good news for women’s clothing, with spend increasing 4.5 per cent year-on-year in July–the strongest rise since January 2016–as shoppers updated their summer wardrobes. Consumer spending was up 5 per cent, according to data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions.

As Brits made the most of the long hot summer, July 2018 marked the third consecutive month of growth above 5 per cent and the strongest three-month period since Barclaycard began measuring this data in 2014.

Essential spending climbed 8.7 per cent in July, driven by a strong rise in supermarkets of 6.7 per cent, Barclaycard said in a press release.

“Consumers have been keen to take advantage of the sunshine while it lasts, with almost a quarter (23 per cent) saying the hot weather this summer has prompted them to spend more money than usual on experiences and outdoor activities,” the release said.

However, despite a willingness to spend on summer treats while the good weather lasts, shoppers remain cautious about the broader economic picture with confidence in household finances dropping six percentage points from June to 59 per cent last month.

Rising interest rates are another area of concern for some, with one in three (34 per cent) saying they are worried that the Bank of England raising interest rates on August 2 means they will have less spending money each month.

“The prolonged warm weather combined with England’s World Cup performance has created a short-term boost in spending. With the sunshine showing no sign of abating, spending levels have remained higher than we would normally expect with Brits keen to make the most of the heatwave,” said Esme Harwood, director at Barclaycard.

“It will be interesting to see if this strong level of growth continues as we move into the final stretch of summer. It’s clear that some consumers remain cautious about what’s to come with interest rates rising and overall confidence in household finances down slightly from June,” Harwood added. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Aug 2020

Exports must for sustained economic recovery: Mauritian PM

Mauritius must start goods exports for a sustained economic recovery, ...

Pic: Shutterstock

Apparel/Garments | On 3rd Aug 2020

CFA appeals for postponement of partial withdrawal of EBA

The Cambodian Footwear Association has appealed to the European...

Pic: HanesBrands

Apparel/Garments | On 3rd Aug 2020

HanesBrands Q2 FY20: sales $1.73 bn; net income $162 mn

HanesBrands, a US-based global marketer of branded everyday basic...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Mukesh Bansal,

Mukesh Bansal

Vardhman is one of the largest integrated textile manufacturers of India...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Simon Daplyn,

Simon Daplyn

Switzerland-based Sensient Imaging Technologies is a pioneer with a global ...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

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

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. 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