The clothing retail distribution
industry has received another boost with the publication of the latest IMRG Capgemini
e-Retail Sales Index, which found that there was an 18% year-on-year growth in
the UK online retail sector to August - the highest since November 2013. This
was especially powered by the 20% year-on-year growth in the clothing sector,
double the 10% seen in June and July.
It meant that online sales hit an
estimated £8.1 billion over the past year, also helped by a 60% year-on-year
increase in the accessories sub-sector, which was attributed to shoppers making
last-minute holiday purchases during the holiday high-season. However, such
large numbers of Brits departing to sunnier climes over the summer months made
for much less impressive performances in other sectors, such as the home
subsector, which only grew by 1% compared to the same point the previous year.
According to IMRG's Chief Policy and
Operations Officer, Andrew McClelland, "A cold spell during
August combined with the launch of Autumn/Winter 2014 clothing ranges boosted
e-retail growth." Adding that particularly strong performances were seen
among high street brands, he concluded: "Overall Index growth of 18% sees
us on target to exceed the earlier expectations of growth for 2014. A £100
billion year is certain to be exceeded in 2014."
Alex
Smith-Bingham, Vice President, Digital Services Leader at Capgemini, added:
"August's results revealed a real spark in the confidence of the British
consumer, with an increase in spend on clothing accessories, such as sandals
and other holiday essentials, but a drop in the staycation spend on the home.
It will be interesting to see whether there will be a significant uptick in
little luxuries around the home during the autumn months now the majority of
holidaymakers have returned home."
No comments:
Post a Comment