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Fashion sales up in February

Sales of textiles, clothing and footwear were up 1.9% on the previous month in February, according to data from the Office for National Statistics (ONS).

The quantity of sales across all retail sectors increased by 0.8% when compared with January.

Prices in the clothing sector also rose month-on-month for the period 28 January to 24 February 2018, from 3.3% to 3.6%.

Online sales were up 8.3% as a proportion of all textile, clothing and footwear sales last month, compared with February 2017.

ONS senior statistician, Rhian Murphy, said: “The underlying three-month picture is one of falling sales, mainly due to strong declines across all sectors in December.”

“Store prices continue to rise across all store types, but at a lower rate than the previous month due to a slowdown in price growth, though clothing and household goods stores continued to see stronger price rises.”

Commenting on the ONS figures, Rachel Lund, head of retail insights and analytics at the British Retail Consortium, said:

“February’s retail sales figures showed that consumers are still feeling the grip of inflation on their spending power. Growth in values and volumes on last year remained weak, compared to recent historical standards. Consumers are being careful with their spending, but are not shy of splashing out when the offer is right.

“That said, the market remains tough for retailers; even with the first glimmers of a return to real wage growth for UK workers this week growth in spending is likely to remain sluggish throughout the coming year.”

 

 

 

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