Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

UK Retailers Toil in March but See Better Times Ahead

Social distancing restrictions and lockdowns have effected retail in the UK.
Social distancing restrictions and lockdowns have effected retail in the UK. Shutterstock.

British retailers have endured another difficult month in March but are optimistic of a sales surge in April, when Covid-19 lockdown restrictions are due to be lifted partially, a survey showed on Thursday.

The Confederation of British Industry’s monthly gauge of retail sales was steady at -45 in March. A Reuters poll of economists had pointed to a small improvement to -37.

However, expectations for sales next month turned positive for the first time since December 2019.

“Retailers are looking forward to April with a sense of optimism, given the potential re-opening of the sector across the UK,” Ben Jones, principal economist at the CBI, said.

ADVERTISEMENT

“Expectations point to a fairly muted recovery, especially when considering that base effects will tend to flatter annual growth next month, given the historic drop in sales in April 2020.”

By Andy Bruce; Editor: William Schomberg

In This Article
Topics

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Chronicle the ‘Retail Apocalypse’ and emerging retail models, including DTC brands.

Adidas Prepares for Samba Slump

As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.


Op-Ed | The Rise of the Unwasteful Brand

A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.


Fashion’s Stalled Self-Checkout Revolution

RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Awards - Deadline 30 April 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Awards - Deadline 30 April 2024