UK fashion sector’s sales improve, says ONS

But there are fears that June could be a blip as the three-month average growth has been slower (at 0.7% compared to 1.6% in the previous three months) and economists are saying that the UK economy could even have shrunk in Q2.Year-on-year sales by volume rose 3.8% across the UK and by value they were up 4.3%, which is thankfully higher than inflation.

The figures came from the Office for National Statistics (ONS) and they mixed good news and bad. For instance, they showed that “department stores continued their steady decline” with a 0.2%.But the fashion sector was stronger than it has been of late with rises that may not have been spectacular or reversed the falls seen in May, but at least the sector showed that retailer clearance sale markdowns are getting through to consumers. The ONS said predominantly non-food stores, which includes department stores, textiles shops, clothing and footwear retailers and household goods stores, saw a 1.7% volume rise and a 1.8% value increase. Specific textile, clothing and footwear stores saw a 1.2% volume rise and a 1.5% increase by value.“Feedback from retailers suggested this was a consequence of consumers reacting well to summer sales following a slow uptake in the previous month,” the ONS added.

Related Posts

EU moves to regulate tech giants’ business practices

The new rules will specifically target app stores, search engines, e-commerce sites and hotel booking websites such as Expedia, requiring them to be more transparent about how…

FTC to file antitrust case against Amazon as soon as Tuesday

The legal action, which would follow federal lawsuits filed against Alphabet’s Google and Meta’s Facebook, has been expected after years of complaints that the big tech companies…

P&G, Billie terminate planned merger after U.S. FTC challenge

The U.S. Federal Trade Commission filed a complaint in December aiming to stop the deal.“We were disappointed by the FTC’s decision and maintain there was exciting potential…

In Africa’s fashion capital, Lagos, ‘trad is swag’

But the singer himself has now swapped the Versace T-shirts and low-slung jeans that show his underwear for traditional African dress — a new youth trend in…

RegioGreenTex- three years to remove barriers to textile circularity in Europe

The scheme, which will be piloted by Euratex, aims to provide tangible solutions to small and medium-sized enterprises, “where textile waste can become valuable”, says the launch…