clothing sales news and archive

U.S. retail sales register three consecutive months of growth

New York – The U.S. Department of Commerce’s Retail Sales Report tracks sales across 13 retail sectors. Since falling by 14.7 percent in April – the largest monthly decline in recorded history – retail sales have surged non-stop for three consecutive months. Monthly retail sales in May and June rose by 18.3 percent and 8.4 percent, respectively....

Retail

Clothing sales at discounters to grow 90 percent by 2022

Within the discount market, clothing has been identified as the most “under-penetrated sector” according to GlobalData, with only 0.6 percent share of the 334 million pounds total UK clothing market. However, GlobalData is stating that the improvement in perception of the discounters, such as Lidl, which just launched Esmara by Heidi Klum, will...

RetailFeatured

April weather dents sales of fashion, says BRC

UK clothing and footwear sales suffered in April, as the weather prevents consumers from buying into spring looks. The British Retail Consortium (BRC) and KPMG said overall retail sales were tepid with total sales flat year-on-year and comps down 0.9 percent. Performance across different categories showed marked differences with foods providing...

Fashion Featured

Timeline: The rise and fall of Marc Bolland's rule at Marks & Spencer

It is the end of an chapter for British high street department store group Marks & Spencer, as Chief Executive Officer Marc Bolland threw in the towel today with the announcement of his impending retirement. In spite of previous news sources indicating that Bolland intended to remain at the helm of M&S for at least another two years, as he...

PeopleFeatured

Marc Bolland announces departure from M&S amid disappointing Q3

Marks & Spencer's Chief Executive Officer, Marc Bolland, has announced his surprise retirement today from the high street department store group, following disappointing third quarter results regarding a larger than expected decline in clothing sales. Bolland indicated his wish to retire from his role after a six year tenure at the helm of M&S...

Retail

Apparel and footwear prices continue to decline in December

Apparel and footwear prices declined 6.4 percent year on year last month, the largest decrease in prices within all of the UK's non-food categories, as retailers began to offer seasonal discounting for the festive trading period. Children's, women's and men's wear all reported accelerations in their price deflation rates, while accessories fared...

BusinessFeatured

Marks & Spencer set to reveal first profit increase in four years

Marc Bolland's turnaround plans for British department store group Marks & Spencer appeared to have finally paid off, as the group is predicted to report its first increase in full-year profit later this week. The group is expected to announce a 4 percent increase in underlying annual pre-tax profits to 648 million pounds for the year to March...

Retail

Warm weather drives online fashion sales to record heights

The warm weather spell which took place throughout April has lead to a record boost in online spend for apparel and footwear within the UK, making last month's growth the best since October 2014, according to the latest data from the BRC-KPMG Online Retail Sales Monitor. The online sales of non-food products grew 15.4 percent in April compared...

Business

Sainsbury’s fashion sales shine through sales dip over Christmas trading period

Sainsbury's clothing sales reported "nearly" 10 percent increase year-on-year for the 14 weeks to January 3, 2015, helping boost overall retail sales for the retailer during the Christmas period. Like-for-like retail sales where hit by food price deflation during the third quarter, which lead to a 1.7 percent dip, excluding fuel, the retailer's...

Fashion

Retail sales increase

UK retail sales in May increased by 3.7 per cent on a like-for-like basis, as the sunshine encouraged shoppers to finally splash out on clothing. The BRC/KPMG sales monitor recorded total year-on-year growth of 6.5 per cent, with the three-month growth trend up from 1.7 per cent in April to 2.2 per cent in May on a like-for-like basis, and from...