Fashion

UK e-tail surges but weak fashion could have -very difficult period- ahead

But first the headline figures from the latest IMRG Capgemini Online Retail Index. The overall year-on-year rise was 23.8%, which was a massive rebound after March had seen falling sales. In fact, the rebound meant that April’s sales were 28.2% higher than those in March.The figures, which were based on the sales performance of over 200 retailers, represented a 10-year high.คำพูดจาก เว็บพนันออนไลน์

The gap in performance between retailer type that had been seen in March intensified, with multichannel retailers outstripping their online-only counterparts, rising 35.8% compared to just 8.3% for the pureplaysคำพูดจาก เกมสล็อตออนไลน์. Pre-coronavirus, in most months, pureplays saw higher increases. So the switch suggests that while e-tail specialists are attracting new customers during the lockdown, shoppers aren’t abandoning their favourite physical retailers just because their stores are closed and are turning to their websites instead.Now that big problem for fashion. The month saw some specific product super-categories surging compared to others, but fashion wasn’t one of them. Clothing sales sank 23.8% year-on-year, demonstrating how uninterested in fashion consumers were last month. With all physical fashion shops shut, it might have been expected that e-sales could have registered at least a tiny rise. But in the event, that 23.8% was even worse than the 23.1% drop that had been recorded in March. And within the April figure, footwear and menswear sales were particularly poor, down 31.1% and 33.5% respectively.What were consumers buying instead? The unusually hot April weather (combined with lockdown) triggered a huge rise in gardening sales. Building on March’s 94.4% growth, April’s sales surged an unprecedented 288%. Meanwhile, electrical sales saw an almost-as-impressive 102% growth that was likely indicative of remote working requirements and demand for at-home entertainment. Further to their success in February and March, health & beauty sales also continued to soar with growth of 82%.While Andy Mulcahy, strategy and insight director at IMRG said sales for most categories are “following a very logical pattern” given that physical stores are closed, he said there’s less logic around the fashion sales plunge. And he said that while multichannel retailers in general are seeing the benefit of a switch to online, multichannel clothing retailers were still down 17.5% last month. “The demand just isn’t there at the moment,” he added. “When that demand will return is a big question for clothing retailers. If they reopen stores – and take their staff out of furlough, bringing all the costs back into the business – but their customers don’t return quickly, there could be a very difficult period coming indeed.”

Related Posts

Consumer IPO prospects in 2024 at risk from spending pullback

US shoppers had largely brushed off rising interest rates thanks to pandemic-era savings buffers and strong jobs growth. That was before monthly data on personal spending showed discretionary…

First mass production sneaker customisation factory opens in US

Flowbuilt offers an on-site prototyping lab and 3D printingคำพูดจาก สล็อตเว็บตรง. It also hosts the only commercially available multi-section-injection (MSI) machine in the US. MSI is an HP technology…

Fashion’s crisis far from over despite wider sales rise say Barclaycard, BRC

June was a month in which UK consumer spending fell only 14.5% year on year (the smallest fall since the start of the lockdown) and month on month…

For British shoppers, November is the new Black Friday

Brought over from the United States by Amazon in 2010, the annual event started as single day of discounting before growing into a long weekend that took in…

Green on-trend- Top fashion firms test ways to nurture nature

Sustainability researchers say businesses have shown a surge of interest in limiting the harm their operations do to the planet, as scientists have outlined more clearly the threats…

Indian court halts Amazon, Future arbitration in blow to U.S. giant

But after the Competition Commission of India (CCI) suspended the 2019 deal last month, citing suppression of information by Amazon while seeking clearances, Future argued there was no legal…