23rd Jun 09
Clothing and footwear retailers hit as sales drop
by Natasha Redman
www.statistics.gov.uk
Last month, clothing and footwear shop owners felt the pressure as retail sales fell, the latest figures have indicated.
Between April and May, retail sales volumes declined by 0.6 per cent, according to the Office for National Statistics (ONS).
For the three-month period ended 31 May, sales figures were up by 0.6 per cent over the same period last year. This is the lowest growth rate reported since December of 1995.
Clothing and footwear retailers saw sales decline by 1.9 per cent in May, over the prior month, while “other” stores, such as photography and sports shops, saw a drop in sales of three per cent.
Fears that recovery in the retail sector was still not in sight, the pound fell further against both the US dollar and the euro.
Caroline Buckner, the Barclays Commercial Bank retail sector specialist for Wales, noted: “Retail sales are in a holding pattern. With a slight fall in May and growth in the past three months compared to a year earlier continuing to slow, expectations of a positive increase this month have not been met.”
She added: “However, looking at the numbers over the past nine months evidence suggests that retail sales numbers are moving sideways. There are encouraging signs that this will keep having a positive effect later into the year and will ease many concerns of operating under over-cautious expectations.”
Thanks to www.walesonline.co.uk for the above quotes, for more information on this article please visit their website.
www.statistics.gov.uk
Our Stories
- Tesco store managers see annual bonuses cut
- Royal Mail: half London sorting office to be sold
- Panasonic announces £3.4bn loss
- Thomas Cook attacks government over holidays at home promotion
- Clinton Cards falls into administration
- Wet April sees high street spending fall
- Five tough years ahead for UK jobs market
- Deal struck to save Thomas Cook
- Discount battle leads to sales decline at Morrisons
- Wetherspoon founder: pubs plans to be hit by taxes
- Stores in doubt as Argos profits fall
- Heathrow to increase landing fees
Popular Topics
afghanistan al qaeda amazon Apple ASDA bank of england barack obama BBC british airways china david cameron Debenhams Egypt facebook george osborne Google India ipad iphone ivory coast japan Libya London M&S Marks & Spencer Morrisons nhs North Korea Office for National Statistics pakistan protests russia Sainsbury’s South Korea terrorism Tesco Tunisia UK UK retailers UK retail news UK shopping us Waitrose Wikileaks x factorArchive
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- January 2009
