244
Fashion Jobs
H&M
Visual Merchandiser Manager- Newmarket
Permanent · AUCKLAND
L'OREAL GROUP
Operations & Transport Manager
Permanent · AUCKLAND
ABBOTT
Tpm Contract Manufacturing Manager
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Optometrist - Opsm Rotorua
Permanent · ROTORUA
DANGERFIELD
Online Coordinator
Permanent · AUCKLAND
PUMA
Key Account Manager nz
Permanent · AUCKLAND
L'OREAL GROUP
Key Account Manager
Permanent · AUCKLAND
PETER ALEXANDER
Part Time - Sales Assistant - Peter Alexander nz - Queenstown
Permanent · QUEENSTOWN
FOOT LOCKER
Sales Associate Casual
Permanent · LOWER HUTT
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Manukau
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Dunedin
Permanent · DUNEDIN
ESSILORLUXOTTICA GROUP
Retail Associate | Opsm Rangiora Eyecare
Permanent · CANTERBURY
PETER ALEXANDER
2 x Casual - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
PETER ALEXANDER
2 x Part Time - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
LULULEMON
Assistant Manager | Christchurch (Tuesday - Saturday Rotation)
Permanent · CHRISTCHURCH
ICEBREAKER
Icebreaker : Sales Associate, Casual - Wellington Airport Touchlab
Permanent · WELLINGTON
DFS
Personal Shopper
Permanent · AUCKLAND
H&M
Department Manager- Chartwell (Hamilton)
Permanent · HAMILTON
H&M
Store Manager Wellington
Permanent · WELLINGTON
H&M
Sales Advisor- 28h
Permanent · AUCKLAND
H&M
Assistant Store Manager- Sylvia Park
Permanent · AUCKLAND
H&M
Department Manager- Sylvia Park
Permanent · AUCKLAND
Published
Jan 3, 2023
Reading time
2 minutes
Download
Download the article
Print
Text size

BRC expects little cheer for UK retail sales this year

Published
Jan 3, 2023

The New Year may be a time to look forward, but the retail sector will have little to look forward to in 2023, according to the British Retail Consortium.


Photo: Pixabay/Public domain



The trade body has issued new analysis and said it thinks retail sales will grow between 2.3% and 3.5% this year. Given that inflation remains in double digits and is likely to stay in high single digits even as it eases throughout the year, that's not an encouraging percentage range.

The BRC said: “The past year has been characterised by low retail sales growth, which has remained below current inflation, suggesting volumes were down compared to 2021. The trend is expected to continue into 2023.” 

It also thinks that food sales growth will continue to outperform non-food categories as cash-strapped consumers carry on prioritising essentials over discretionary purchases.

That said, the BRC is expecting sales to pick up in the second half as inflation slows and consumer confidence improves. But it’s still only expecting growth of between 3.6% and 4.7% in H2. Not only that, but the slightly higher growth predicted for the second half means that the overall annual prediction masks an even worse forecast for the first half. In the first six months of the year, it's expecting sales to rise only between 1% and 2.3%. 

It also said that total retail sales growth for 2022 added up to only 2.3%, and once inflation (that rose to more than 11% across the economy) is accounted for, it means falls in sales volumes for both food and non-food. 

Kris Hamer, its Director of Insight, said: “The first half of the year is likely to challenging for households and retailers. Ongoing inflation will make sales appear to be rising, but we expect falling volumes as consumers continue to manage their spending. We also don’t see many signs at this stage of retailers’ input costs easing, with energy costs expected to rise by £7.5 billion as the government’s Energy Bill Relief Scheme comes to an end in March, putting ongoing upwards pressure on prices.

“There is cause for optimism in the second half of 2023, when we expect inflation to ease and improving consumer confidence to result in an improvement to sales growth, and corresponding volumes.”

Copyright © 2024 FashionNetwork.com All rights reserved.