Cold, wet start to autumn in UK deemed positive for apparel sales [Yahoo! Finance]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
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Source: Yahoo! Finance
He said: "For those gaining share in the UK, like Marks & Spencer, which has arrived at the end of H1 FY25, this is welcome context in our view, that should also help robust players like Next, which has a strong H1 and Primark." He added the wetter weather may also provide a "boost" to the UK online channel given consumers will be less inclined to go outside. Black explained the online channel has been "a little bit more robust in 2024," benefiting the omnichannel retailers and assisting what he terms "beleaguered" online operators such as Asos and Boohoo. He noted that British weather is a "relevant factor" impacting clothing and footwear demand with varying degrees of influence throughout the year: "Indeed through 2023 and 2024, the weather patterns in the UK have undoubtedly been relevant to apparel business performance. Especially for those names where market share has been ceded to others; one thinks of the hot spring and early summer of 2023, which was a tough comparative
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