U-turn for Eurozone sales after record April low - sportstextiles: Lea SportsTextiles

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U-turn for Eurozone sales after record April low

29/05/2008
Eurozone sales registered the strongest year-on-year increase for thirteen months in May. Having hit a record low of 35.7 in April as poor weather and the timing of Easter hit sales, the year-on-year sales index climbed to 56.1 in the May. Strong recoveries were registered in both Germany and France, although sales continued to fall on an annual basis in Italy. Sales of clothing and footwear showed the first rise for eight months. However, while food and drink retailers again registered the sharpest overall rise in prices, clothing and footwear saw the weakest rise.

Despite the marked improvement in sales performance compared with the previous month, retail targets were missed again in May. However, the index of actual sales relative to planned sales rose from April's near four-year-low of 31.2 to 45.2, indicating the smallest shortfall in sales against targets for thirteen months. Targets were missed very narrowly in both Germany and France, though this was partly offset by a marked shortfall in Italy. The greatest optimism for June was seen in the food and drink sector, followed by clothing and footwear.





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