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Clothing volumes down in June as retail sales growth falters

Clothing sales volumes were down in the first half of June compared with the same period the year before, which is the first like-for-like drop since January.

Fashion retailers reported an overall 17% fall in volumes between May 28 and June 12, the Confederation of British Industry (CBI) Distributive Trades Survey reveals.

Published today (June 25), the report reveals an overall slowing in the rate of retail sales growth to almost nil. Of 133 retailers across all sectors surveyed, 29% reported volumes were up while 24% said they were down, resulting in an overall 4% positive balance, down from May’s like-for-like jump of 16%.

The increase is well below the CBI’s predicted 29% sales volume growth for the period.

CBI Distributive Trades Survey Panel chair Barry Williams, who is also chief merchandising officer for food at Asda, said it had been a “disappointing month”.

He added: “Whilst it seems that hopes that retail spending would be boosted by a strong performance by England at the World Cup were as over ambitious as aspirations for a good performance, I’m reassured that consumer confidence is still on the up, as household budgets are being bolstered by falling inflation.

“However, whilst discretionary income is still on the rise, slow wage growth continues to weigh on how much consumers are willing to go out and spend.”

Readers' comments (1)

  • No question about it June as been a tough month so far

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