Will winter boost UK’s ailing retail sector?

<p>Winter’s shopping boost could help revive the struggling retail sector.</p>

The wet weather that hit the UK in spring and early summer this year has damaged the country's retail sector as consumers were put off buying seasonal outfits, but the coming of winter could provide this side of the market with a much-needed boost.

According to Sainsbury's Bank, Britons will spend £5.9 billion on garments befitting the cooler climes for themselves and their families.

The supermarket's research – which was compiled by ICM – found that this winter, Britons are looking to stock up on knitwear such as cardigans and jumpers, with 38 per cent of people saying they have already bought or are looking to buy these items.

Furthermore, one-third of shoppers are going to purchase gloves, while 29 per cent have a winter coat on their list.

But it may be a while before this upturn in seasonal spending is reflected in the markets, because at 10:40 GMT today (December 17th), the FTSE 100 retreated by 0.5 per cent to an index value of 5887 points.

Find spread betting strategies for the FTSE 100 at City Index.

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.