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Fashion prices rise in July

Clothing and footwear prices edged up 0.9% in July compared with June, data from the Office for National Statistics (ONS) indicates.

Total UK retail sales for 2-29 July 2017 climbed 0.7% in terms of value compared with June. 

Clothing and footwear sales volumes dropped 0.5% compared with June, while retail market volumes as a whole edged up 0.3%.

Meanwhile, online sales at clothing and footwear retailers grew 11.9% year on year, to account for 14.1% of total retailing.

Ian Gilmartin, head of retail and wholesale at Barclays’ corporate banking division, said the results were “largely as expected”: “Looking more broadly at the retail landscape, it’s a really mixed picture, with cost challenges leading to higher prices for fashion, resulting in a dip in the quantity sold for that part of the sector.

“Footfall fell a little in July, with online sales again delivering well and making up some of the shortfall. I think we can expect a few more ups and downs in the coming months, as retailers battle the continuing pressures stemming from wider economic developments.”

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