299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters API
Published
Jun 5, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

UK consumers hit the shops after early 2018 freeze

By
Reuters API
Published
Jun 5, 2018

British shoppers ramped up their spending in May after a snowbound start to the year, two surveys showed on Tuesday, the latest suggestion that the overall economy is recovering from its early 2018 slowdown.


Retail sales values jumped by an annual 4.1 percent in May - Reuters


With the Bank of England watching for signs that the weakness in the economy in the first quarter was only temporary before it raises interest rates again, the British Retail Consortium (BRC) said total retail sales values jumped by an annual 4.1 percent in May.

That was the biggest rise in more than four years excluding distortions caused by different timings of Easter.

Separately, Barclaycard, the credit and debit card division of Barclays, said its measure of consumer spending rose by 5.1 percent year-on-year, the biggest increase in 13 months.

Both surveys showed spending on non-essential items picking up, possibly reflecting an easing of the squeeze on many households who have been hit by rising inflation and weak wage growth for much of the period since the June 2016 Brexit vote.

Barclaycard said the 4.6 percent increase in non-essential spending growth was the strongest in 14 months with hot weather helping sales at garden stores, which were up 50 percent over the early May bank holiday weekend, and at other retailers.

Inflation has waned in recent months while wages grew bit more strongly, even if consumers remain wary.

"Despite this more positive set of sales results, the retail environment remains extremely challenging, with trend growth still very low by historical standards," Helen Dickinson, chief executive of the BRC, said.

Barclaycard said fewer consumers had confidence in their household finances in May and, despite inflation falling to a 13-month low in April, fewer than one in 10 consumers felt they had experienced a positive impact on their spending power.

© Thomson Reuters 2024 All rights reserved.