fashion spending news and archive

Fashion spending in town centres to slump by 13.8 percent by 2023

With major retailers including Marks and Spencer and Debenhams closing a significant number of stores over the next three to five years, GlobalData has released new research that reveals that secondary and tertiary town centres will be the hardest hit locations with clothing and footwear spend forecast to decline by 13.8 percent, 2.4 billion...

Fashion

Consumer Spending Down

Fashion spending has stalled and the high street has effectively gone on sale, although retailers are still hoping that good weather will come to their rescue. One young fashion retailer said: It has been more difficult in recent weeks than it was before Easter. Only the last couple of days have put us into positive like-for-like sales." He...