Home / Knowledge / News / Textiles / BRC disapproves official retail growth figures of November
BRC disapproves official retail growth figures of November
18
Dec '08
Unexpectedly high official retail sales figures paint an overly rosy picture of the reality faced by customers and retailers, said the British Retail Consortium (BRC).

Today's Office for National Statistics (ONS) figures show the total value of sales in November were up by a surprising 2.9 per cent on a year ago. The BRC's figures for the same period showed a 0.4 per cent fall.

Stephen Robertson, Director General of the British Retail Consortium, said: “Most retailers won't recognise these surprisingly strong ONS retail figures. The idea that both total sales by value and volume went up significantly compared to a year ago is hard to explain.

The BRC's latest data showed, for the first time in fourteen years, the value of total sales fell for two consecutive months – far more consistent with the reality of weak consumer confidence and rising unemployment."

“While conditions remain tough, retailers have reacted with high-profile price cuts and promotions. This, together with the recent reductions in VAT and interest rates, has meant in the last few days shoppers have come out in force.

Some retailers will now dare to breathe a sigh of relief that customers are simply delaying their Christmas spending, rather than cancelling it entirely”, he added by saying


British Retail Consortium


Must ReadView All

Pic: Inditex

Apparel/Garments | On 23rd Mar 2019

Inditex, MIT collaborate on sustainability challenges

Inditex and MIT are collaborating to promote research in global...

Pic: Lenzing

Textiles | On 23rd Mar 2019

Lenzing to appoint new members to supervisory board

Prior to the annual general meeting of the publicly traded company...

China to boost investment in Bangladesh: envoy

Textiles | On 23rd Mar 2019

China to boost investment in Bangladesh: envoy

China would facilitate more investment by its companies and small and ...

Interviews View All

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


March 2019

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

news category


Related Categories:

Advanced Search