Highlights
UK Retail: recovery starts to dissipate
The summer brought a breath of fresh air into the UK footwear market after the COVID-19 hit. After the collapse caused by the first wave of the pandemic, Textile, Clothing & Footwear (TCF) Retail Sales have been recovering from April through September. However, the second wave striking in October led TCF retail sales to the downside, closing now 18 pp in the red. With little more than one month to year-end the perspectives are not good and even the mood of the consumers seems to be losing some traction: after 12 months being less pessimistic than retailers, the consumer confidence indicator is swinging downwards faster than on the side of retailers
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