Popular now
French consumer watchdog fines Shein €22m over retail breaches 

French consumer watchdog fines Shein €22m over retail breaches 

Footasylum partners with streetwear brand Trapstar

Footasylum partners with streetwear brand Trapstar

Howdens agrees to acquire DIY Kitchens for £390m

Howdens agrees to acquire DIY Kitchens for £390m

Early Christmas shopping boosts retail in October

Early Christmas shopping boosts retail in October

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

The Office for National Statistics has released its October report which showed that retail sales increased by 1.2% in the month, adding that it was the sixth consecutive month of growth in the industry.

The year-on-year growth rate in the volume of retail sales saw a “strong increase” of 5.8%, additionally, which suggests that consumers had started Christmas shopping earlier than usual this year.

The report also showed a 6.4% rise in the volume of sales for non-store retailing, a 3.2% increase in household goods stores and a 3.1% rise in department stores, all of which contributed to the overall monthly increase in retail sales.

In addition, the ONS reported that online sales rose to account for 28.5% of all retail sales, up from 27.6% in September.

Clothing stores saw an overall decline of 14% in value sales, however, which was attributed to local restrictions and lockdowns in the period.

Jonathan Athow, deputy national statistician for economic statistics, told the BBC: “Despite the introduction of some local lockdowns in October, retail sales continued its recent run of strong growth.

“Feedback from shops suggested some consumers may have brought forward their Christmas shopping, ahead of potential further restrictions. Online stores also saw strong sales, boosted by widespread offers.”

He added: “However, the slow recovery in clothing sales has stalled after five consecutive months of increased sales.”

Previous Post
M&S to keep stores open until midnight

M&S to keep stores open until midnight

Next Post
Third of consumers to shop this Black Friday

Third of consumers to shop this Black Friday