Fashion

UK spending rises but doesn’t help fashion

The British Retail Consortium said that overall retail sales rose 1.3% year-on-year in late July through to August, driven by consumers making the most of the summer as goods other than food came low down on the priority list.Meanwhile, Barclaycard’s regular monthly report said that consumer spending rose 4.5% last month, but that was largely because essentials spending rose nearly 7%. Spending in supermarkets and petrol stations were key here but entertainment spending also rose in double-digits as pubs and cinemas enjoyed a mini boom.

And clothing? As consumers put off buying new autumn wardrobes due to a warm August, clothing expenditure saw just 0.6% growth, with women’s and men’s clothing sales contracting slightly at -0.9% and -0.3% respectivelyคำพูดจาก Nhà Cái Casino Online. Although Barclaycard didn’t go into details, we have to assume that much of the spend was therefore on kidswear and was all about the back-to-school season.Online sales continued to make a dent in traditional retailers’ turnover and total in-store sales of non-food items fell by the highest amount since records for this category began in January 2012คำพูดจาก Nhà Cái Casino Online. Sales were down by 2.2% on the year.And given that 34% of consumers say that they’re now planning to reduce their spending after making the most of an unusually hot summer, there’s not a lot of promise ahead.Barclaycard said that a degree of uncertainty about the future is likely to be driving this caution with 58% of Britons worried that rising inflation will leave them with less money to spend each month, while 56% are concerned that rising energy prices will leave them worse off.

Related Posts

Curly-haired women spend big on product

The textured hair market has become one of the most rapidly-expanding categories in the beauty industryคำพูดจาก สล็อตเว็บตรง. A study by Texture Trends found that women with curly hair…

Eid al-Adha celebration boosted UK retail in August

Three of the UK’s top five visiting nations were from Gulf Cooperation Council (GCC) countries in August and they were clearly in a mood to spend, sales to…

Fashion struggles as UK spending is weak in March

Regardless of all that though, clothing sales failed to ignite in March and average transaction values for fashion dropped too, while beauty sales rose.The first report, from the…

Google commits to supporting UK high streets via skills programme

The Google Digital Garage High Street Tour will start in May 2019 and visit cities across the UK offering free workshops and face-to-face coaching. The programme is a…

Going home- Covid sparks Chinese exodus from Italian textile town

The Chinese began to settle in Prato, 11 miles (17 km) north of Florence, around the end of the 1980s, attracted by plentiful work in factories serving Italy’s…

India’s economic revival to be ‘unabated’ despite coronavirus surge – RBI chief

Central bank governor Shaktikanta Das called the increase a “matter of concern” but said India was better prepared to tackle the situationคำพูดจาก สล็อตเว็บตรง. With a vaccination drive underway,…