×
200
Fashion Jobs
H&M
Physical Compliance Specialist – Group Compliance, h&m Group
Permanent · Stockholm
H&M
Regional Transport Manager - Logistics Region North Europe
Permanent · Stockholm
H&M
Data Analyst - Digital Core Team Within Business Tech
Permanent · Stockholm
H&M
Data Specialist to Product Specification, Business Tech h&m Group
Permanent · Stockholm
H&M
Product Owner in Api & Event Integration Area, h&m Group
Permanent · Stockholm
H&M
HR Business Partner to h&m Group Supply Chain
Permanent · Stockholm
H&M
Business Expert Competence Lead in Allocation Precision Within Business Tech
Permanent · Stockholm
H&M
Business Intelligence Analyst
Permanent · Stockholm
H&M
Regional Data Privacy Manager - Region North
Permanent · Stockholm
H&M
Security Software Engineer With Warehouse Security Background
Permanent · Stockholm
H&M
Accounting Business Expert
Permanent · Stockholm
H&M
Strategic Buyer For Customer Packaging
Permanent · Stockholm
H&M
Solution Architect in Partner Connectivity Team Within Business Tech
Permanent · Stockholm
H&M
Business Analysts With Business Intelligence Competence to Group Expansion, h&m
Permanent · Stockholm
H&M
Product Owner to Fulfilment Center Operations
Permanent · Stockholm
H&M
Product Owner – Global Customer Analytics
Permanent · Stockholm
H&M
Technical Product Owner to Customer Engagement
Permanent · Stockholm
H&M
Product Owner to Finance, h&m Group
Permanent · Stockholm
H&M
Product Area Analyst - Customer Engagement (Customer Domain @Business Tech)
Permanent · Stockholm
H&M
Product Analyst to h&m Business Tech - Customer Domain
Permanent · Stockholm
H&M
Product Owner - Web Checkout Portfolio Brands
Permanent · Stockholm
H&M
Product Owner - Web Checkout
Permanent · Stockholm
Published
Sep 24, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

UK retail sales growth slows, stores fret over supply chain woes

Published
Sep 24, 2021

Hopes that strong retail sales in the summer would continue into early autumn seem to have been dashed — at least that’s the case according to the earliest of the monthly retail sales reports to come out.


Photo: Pixabay/Public domain



The Confederation of British Industry (CBI) monthly Distributive Trades Survey showed growth slowing sharply in September after a bumper summer, while growth in orders placed with suppliers also slowed.

The survey of 126 companies, including 45 retailers, found that respondents viewed sales as poor for the time of year for the first time since March 2021. Yet sales are expected to be “broadly average” for the time of year in October.

While the CBI survey is the first of the monthly assessments to come out (culminating in the official Office for National Statistics figures) and can also be prone to revisions, it’s still a good guide to the general direction in which retail is going.

So what did the retailers the CBI spoke to say this time? Well, one big story was worries over the availability of supplies as the combination of Brexit and the lingering effects of the pandemic hit supply chains hard. Stock levels in relation to expected sales were seen as too low for the fifth consecutive month in September and are expected to remain too low next month.

Another headline was that growth slowdown. The sales balance for September was +11%, which may look good were it not for the fact that August was a much healthier +60%. That +11% reading was the lowest since March (when Britain was still in the middle of its latest lockdown) and fell far short of economist forecasts. Next month should be around +29% though.

Internet sales growth also slowed in the year to September (down to +26% from +34%) and has now been below the long-run average for five consecutive months, with a similar pace of growth expected in the year to October.

“Demand cooled for retailers in the year to September after running red hot over the summer, pushing sales below seasonal norms for the first time since March”, CBI economist Ben Jones said.

And he added that “respondents to our survey have told us that they do not expect the transport and production issues that are causing shortages to ease significantly until at least next year and, in some cases, beyond”.

Copyright © 2021 FashionNetwork.com All rights reserved.