Oxford Economics news and archive

Study: Branded clothing sector contributes almost 332 billion euros to EU economy

A study released by the European Branded Clothing Association (EBCA) today presents new findings from Oxford Economics, which reveals that the European branded clothing sector contributes 331.8 billion euros to the EU’s GDP annually, which is nearly 2 percent of the total EU economy. It also highlights the sector’s role in driving jobs, trade...

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Retail

US retail sales bounce with online spending boost

US consumer spending rose more than anticipated in July, according to government data released Tuesday, boosted by online spending in a show of resilience even as the economy cools. Retail sales in the world's biggest economy advanced 0.7 percent to $696.4 billion last month, up from a revised 0.3 percent rise in June, said the Commerce...

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Business

Asos releases first-ever economic impact report

Asos is set to boost the UK economy by 3.8 billion pounds and support an additional 25,000 jobs within the next four years, according to the online retailer’s first-ever economic impact report. The online retailer’s total economic impact in the UK grew to 1.8 billion pounds in 2019-20, providing vital support to UK GDP at the height of the...

Design

Retail sector loses 673 million pounds replacing staff

Labour turnover cost retailers 673 million pounds in 2013, according to a new report from Oxford Economics commissioned by income protection company Unum. The report ‘The Cost of Brain Drain’ discussing the financial impact of staff turnover, also noted that the loss of an employee earning 25,000 pounds a year or more carries an average...