德意志银行-英国行业研究-uk clothing retail prices up,trading down-20170707-deutschebank.pdfVIP

UK Clothing Retail Deutsche Bank Markets Research Europe Industry Date United Kingdom UK Clothing Retail 7 July 2017 Consumer Staples Food Manufacturing Industry Update Prices up, trading down Jaina Mistry UK Clothing market -0.1% over the 12 weeks to 4 June Two themes stood out in todays Kantar WorldPanel release: 1) trends in the UK Research Analyst clothing market somewhat improved and 2) the large outperformance of MS +44-20-754-71337 against Next in terms of total and full price performance. The period reported covers 9 weeks of new data for MS and 5 weeks for Next but has already Charlie Muir-Sands, CFA been reported for Primark and Debenhams. Inside we also look at industry price Research Analyst inflation, consumer price perception and the winners and losers of price rises in +44-20-754-75749 the market. Warwick Okines Improved clothing market trends were driven by volumes Research Analyst The improvement in the market from -0.6% (12 weeks to 7 May) to -0.1% was +44-20-754-58546 driven by better volume trends. The period saw the smallest volume decline (-0.5%) since September 2016, while prices increased (+0.4%) albeit at a smaller