338
Fashion Jobs
DFS
Senior Merchandising Manager (Global Merchandising)
Permanent · HONG KONG
STOCKX
Operations Specialist
Permanent · TSUEN WAN
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 · YUEN LONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Festival Walk
Permanent · KOWLOON TONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · KWUN TONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
FRESH
Senior/Retail & Education Executive, tr Apac
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Repair Operations Specialist
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Specialist - Client Development
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Senior Specialist - Client Development
Permanent · HONG KONG
BENEFIT COSMETICS
Retail & Operations Manager
Permanent · HONG KONG
CHRISTIAN DIOR COUTURE
Logistics Officer - Sales Administration
Permanent · CAUSEWAY BAY
LORO PIANA
Client Development Manager
Permanent · HONG KONG
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
L'OREAL GROUP
Supply Chain Planner
Permanent · HONG KONG
ADIDAS
Director, Sustainable Sourcing - Chemical, Water & Waste Management
Permanent · HONG KONG
HYPEBEAST
Account Manager
Permanent · HONG KONG
By
Reuters API
Published
Nov 15, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

UK retail sales slow to 6-month low, shoppers delay buying winter clothing

By
Reuters API
Published
Nov 15, 2018

British retail sales growth unexpectedly slowed to a six-month low last month, as shoppers held off winter clothing purchases due to mild weather and cut back on other goods after a heavy-spending summer.


Shutterstock



Retail sales volumes in October alone dropped by 0.5 percent from September, in contrast to average forecasts in a Reuters poll of economists for them to rise by 0.2 percent.

Year-on-year growth slowed to 2.2 percent from an upwardly revised 3.3 percent in September, the slowest since April and weaker than economists' forecasts for it to hold at September's original 3.0 percent reading.

"Retail sales slowed after a buoyant summer with the mild autumn hitting winter clothes sales," ONS statistician Rhian Murphy said, adding that household goods sales also fell after strong growth in the two previous months.

Looking at the three months to October as a whole, which smooths out some monthly volatility, sales growth slowed to 0.4 percent from 1.2 percent, also the weakest growth since April.

Britain's economy has slowed since June 2016's Brexit vote but enjoyed a solid summer, with household spending growing by 0.5 percent in the three months to September.

Less than five months before Britain is due to leave the European Union, there have been signs this week of some respite for households, with underlying pay growth picking up to its fastest since 2008 at 3.2 percent and inflation holding at an 18-month low of 2.4 percent.

But October data from the British Retail Consortium and Barclaycard showed households were continuing to shop cautiously after reining in spending in September, and that some shoppers were delaying purchases ahead of anticipated Black Friday discounts in November.

Thursday's ONS data showed the sharpest monthly fall in purchases of household goods, such as electronics and home appliances, since December 2017.

Year-on-year growth in fuel sales was the weakest since March 2017.

Many British retailers have reported difficult trading conditions.

Last week Marks & Spencer warned of an increasingly tough trading environment after disruption from the latest attempt to reinvent Britain's most famous retailer dented first half sales and profit margins in both its food and clothing businesses.

And British bicycles-to-car parts retailer Halfords reported a 17 percent fall in first-half profit, hurt by higher operating costs and a challenging consumer environment.
 

© Thomson Reuters 2024 All rights reserved.