UK retail sales volumes rose by 0.6 per cent in October 2022 compared to the previous month.
So says the Office for National Statistics. The value of retail sales rose 1.8 per cent compared to the previous month. Looking purely at volumes and on a month-on-month basis, increases were seen in all of the main sectors apart from food stores. Non-food stores sales volumes rose by 1.1 per cent. Clothing stores sales volumes rose by 2.5 per cent month on month but were 3.7 per cent below their February 2020 levels. And department stores volumes fell by 0.3 per cent. The proportion of retail sales taking place online was 26.1 per cent, a broadly consistent level since May 2022.
Online sales of textiles, clothing and footwear were down 8.4 per cent compared to a year ago and down 2.7 per cent compared to September, while department store sales online were down 6.8 per cent compared to a year ago and 1.7 per cent against the previous month. But although there was an uptick in retail sales last month, driven by clothing, a bleak winter lies ahead and consumers are looking at how they can tackle the fallout from the cost-of-living crisis in their spending decisions. There’s still little sign of early Christmas cheer for retailers.
By Fashionating World