UK shoppers ignored inflation woes caused by the Brexit vote during April and unexpectedly stepped up spending at the fastest rate in years, helped by fine weather that meant good news for fashion, official data showed.
Higher clothing prices were one factor that caused UK inflation to head up again last month, the Office for National Statistics (ONS) said Tuesday. It rose to 2.7%, higher than expected, after being up 2.3% in March.
UK retail sales stats painted another gloomy picture Friday but the fashion sector did not appear to be as bad as some others, although department stores have struggled, possibly hurt by this year’s later Easter.
There was some good news for footwear stores on Tuesday as shoe sales were a bright spot in an otherwise bleak March retail sales report. But non-food sales still lagged other sectors, the latest BRC figures showed.
UK retail sales in the quarter to February saw their biggest slide in nearly seven years as fuel costs cut shoppers' disposable income, official data showed Thursday. But the February figures were surprisingly strong.
London was the top city for luxury store openings last year due to its gateway status and appeal to Chinese shoppers, a new report shows. But Paris came in second place, ahead of New York, Dubai, Hong Kong and Milan.
After all the good and bad trading updates, and the many different unofficial sales stats, the UK's ONS has finally released its official numbers for December. Sales rose on the year but fell compared to November.