How bad was UK retail last month? On the footfall front it was very bad indeed. Ipsos Retail Performance’s Retail Traffic Index showed store visits dropping 9.1%. But was it a sign of worse to come or a one-off blip?
Shares of sporting goods retailers were pummelled in early trading on Friday as dismal quarterly results from Hibbett and Foot Locker heightened concerns about a supply glut intensifying price wars in the industry.
Traffic was moderate but the mood ebullient at Pure London, the fashion trade show which this season focused on interplanetary travel, exotic ethnic designs and techy sportswear. The three-day show ended Monday night.