×
1 339
Fashion Jobs
ESTÉE LAUDER
Operations Support Manager
Permanent · Petersfield
ESTÉE LAUDER
jo Malone London - Omnichannel Operations Manager
Permanent · London
ESTÉE LAUDER
Multi-Brand - Business Manager, 37.5 Hours - Oxford - John Lewis
Permanent · Oxford
V. F. CORPORATION
Key Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots Bath - 28 Hours - Permanent
Permanent · Bath
CONVERSE
Strategic Account Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
Advertisements
Published
Nov 13, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

More evidence that fashion retail is struggling as Visa Index shows spending fall

Published
Nov 13, 2018

The headline of Visa’s latest UK spending report was that “UK consumer spending fell slightly in October”, which would be good news in the current weak shopping environment. But then came the caveat: “Clothing & Footwear registered the steepest reduction in spend during October (-3.2% on the year), which also marked the first decline in this sector since April.” Ouch.


UK spending on fashion was muted last month, the latest Visa Index showed


It seems that even when the backdrop isn’t that bad for retailers in general, for the fashion sector, the news is still bleak.

Overall, consumer spending fell by 0.2% after having risen in August and September. That divided down into a 2% drop overall for face-to-face spending and a 2.6% increase for e-tail.

The Index, compiled by IHS Markit, may have shown just a small fall overall, but the discrepancy between the physical stores figure and online also suggests that the physical stores figure for fashion was actually worse than the headline 3.2% drop (we weren’t told how online and spending in stores actually divided down).

That said, miscellaneous goods and services, which includes the buoyant beauty sector, managed a rise of 1.7%, which was higher than both August and September’s increase.

Adolfo Laurenti, European Principal Economist at Visa, said: “A dip in October spending, particularly pronounced for Face-to-Face expenditure, dispels the sense of optimism that a few months of small gains had generated during the summer. No doubt this disappointing reading will cause some concern for high street retailers as we head into the key Christmas shopping period.

“We look at improvement in wages and an easing in inflationary pressures as factors that may fuel hopes for some much-needed respite for retailers following what has been a very difficult year to date.”

And Annabel Fiddes, Principal Economist at IHS Markit, added: “The reduction appeared to be predominantly driven by reduced spending on the High Street [and] suggests a further shift to online spending ahead of the Black Friday shopping period. However, the overall picture suggests a relatively disappointing performance in terms of household spending in the year to date. Notably, expenditure has only risen in four months of 2018 so far.”

Copyright © 2021 FashionNetwork.com All rights reserved.