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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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Good weather & clearance sales, boon for retail industry
05 Jul '05
1 min read
UK's retail trade association BRC announced retail sales in the UK in June fell 0.5% on a like-for-like basis, and rose by 3.5% on a total basis, compared with a year ago.
The three-month trend rate of growth fell in June to -2.4% from -1.5% in May for like-for-like sales, and to 1.1% from 2.1% for total sales.
June was better than May and April's tough trading, but largely because of the combination of good weather and clearance sales, which boosted sales of clothing and footwear.
Consumer caution and uncertainties over the housing market, interest rates and tax increases continued to depress sales of housing-related products.
The British Retail Consortium is the lead trade association for the UK retail industry.
The British Retail Consortium is the lead trade association representing the whole range of retailers, from the large multiples and department stores through to independents, selling a wide selection of products through centre of town, out of town, rural and virtual stores.
The three-month trend rate of growth fell in June to -2.4% from -1.5% in May for like-for-like sales, and to 1.1% from 2.1% for total sales.
June was better than May and April's tough trading, but largely because of the combination of good weather and clearance sales, which boosted sales of clothing and footwear.
Consumer caution and uncertainties over the housing market, interest rates and tax increases continued to depress sales of housing-related products.
The British Retail Consortium is the lead trade association for the UK retail industry.
The British Retail Consortium is the lead trade association representing the whole range of retailers, from the large multiples and department stores through to independents, selling a wide selection of products through centre of town, out of town, rural and virtual stores.
The British Retail Consortium
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