×
2 160
Fashion Jobs
JUST JEANS
Junior Product Manager - Just Jeans
Permanent · Melbourne
DAVID JONES
Loss Prevention Officer – David Jones Kotara
Permanent · Maitland
DAVID JONES
Loss Prevention Officer – David Jones Chatswood Chase
Permanent · Sydney
DAVID JONES
Loss Prevention Officer – David Jones Bondi Junction
Permanent · North Sydney
DAVID JONES
Loss Prevention Officer – David Jones Castle Towers
Permanent · North Sydney
H&M
E-Commerce Commercial Manager
Permanent · SYDNEY
H&M
HR Manager
Permanent · MARSDEN PARK
LOVISA
Regional Manager - Brisbane
Permanent ·
LOVISA
Regional Manager Vic
Permanent ·
DAVID JONES
Sales Manager Opportunities - David Jones Hay Street Mall
Permanent · Perth
DAVID JONES
Strategic Operations Manager- Country Road & Trenery
Permanent · Melbourne
FUSION SPRINGBOARD
Ecommerce Merchandise & Content Manager
Permanent · Melbourne
FOOT LOCKER
Manager in Training
Permanent · Adelaide
JUST JEANS
Product Supply Coordinator - Just Jeans
Permanent · Melbourne
JD SPORTS
Merchandise Planner
Permanent · Haymarket
DAVID JONES
Merchandise Planner - Leather- Mimco
Permanent · Melbourne
DAVID JONES
Digital Product Owner
Permanent · Melbourne
THE JUST GROUP
Office Administrator
Permanent · Auckland
DAVID JONES
Country Road - Cluster Manager - Indooroopilly - Qld
Permanent · Brisbane
DAVID JONES
Commercial Finance Manager - Merchandise
Permanent · Melbourne
FUSION SPRINGBOARD
Head of Marketing
Permanent · Melbourne
SHEIKE
Regional Manager - Qld (Mat Cover)
Permanent · Brisbane
Published
Apr 27, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

UK April retail sales "poor", expect May weakness too - CBI

Published
Apr 27, 2022

Retail sales have been “poor for the time of year” this month and sales volumes both in-store and online fell rapidly in the year to April. That’s the takeaway from the latest CBI monthly Distributive Trades Survey.



Sales are also expected to remain below seasonal norms in May, but to a lesser extent compared to April, it added.
 
As tough retail conditions prevail, the sales balance fell to -24% from -23% in March, and is expected to remain poor in May, though with some improvement (-17%).

The balance is the weighted difference between the percentage of retailers reporting an increase and those reporting a decrease. 
 
Retail sales volumes also fell rapidly in the year to April (-35% from +9% in March). This is the first fall in retail sales volumes in 13 months, the CBI noted.
 
Next month, retailers expect sales volumes to continue declining but at a more modest pace of -8%.
 
Online sales volumes also continued to fall in the year to April, but at a slower pace than in March (-36% from -46%), marking the third consecutive monthly drop. Internet sales are expected to decline at a more modest pace next month (-6%).   
 
Worryingly too, retailers saw stock levels in relation to expected sales as “too low” in April (-9% from +15% in March), though an improvement in relative stocks is expected in May (+5%).
 
Martin Sartorius, Principal Economist at the CBI, said:  “Retail sales were below seasonal norms in April as consumer spending continued to shift back towards services and rising prices impacted households’ spending power.”
 
He added: “Rapid inflation means that the cost-of-living crisis is going nowhere soon. Going for growth must continue to be the government’s primary domestic focus, as increasing productivity growth is the only sustainable route to raise living standards.”
 

Copyright © 2022 FashionNetwork.com All rights reserved.