The Lipstick Effect - How Recessions Reveal Female Mating Strategy | Dr Raj Persaud. Sales figures from one of the world's largest cosmetics companies - L'Oreal - revealed that during 2008, a year when the rest of the economy suffered record declines in sales, this cosmetics leviathan experienced sales growth of 5.3%. Now a series of psychology experiments have confirmed for the first time that while tougher economic times decrease desire for most items, they also reliably increase women's yearning for products that boost their attractiveness.
Psychologists contend that these 'lipstick' effects are operating largely below conscious awareness of men and women, and therefore require precise experiments to reveal them. This is the first experimental demonstration of the famous 'lipstick effect' with psychologists confirming this psychological phenomenon is driven by women's desire to particularly attract mates 'with resources'. For example, wars are known for moments of most intense romance. But was this men or women who were buying cosmetics or personal care products? Facts and Figures in the UK fashion industry - statistics about the fashion business in England - size of economic activities.
Archive: Great Britain remains a leading center for the manufacturing of clothing and high- quality fabrics, with the clothing and textile industries combined producing £8.5 billion- worth of goods and employing 150,000 people in 2007. The UK high street fashion industry is worth an estimated £44.5 billion. In 2009 UK retail sales were over £285 billion, compared to the £450 million per annum that designer fashion makes to the UK economy. The retail sector generates 8% of the Gross Domestic Product of the UK. In 2009 there were 293,510 retail outlets in the UK. The average British household whole expenditure in 2008 was £471.0 per week, compared to £459.20 from same period in 2007.
Number of employees in the fashion retail industry: The retail industry employed over 2.9 million people as at the end of December 2009. . £41,054m was the total spent in clothing and footwear in the United Kingdom in 2009. British Fashion Council. At a press conference to open London Fashion Week Natalie Massenet, Chairman of the British Fashion Council, announced updated figures showing substantial growth in the UK fashion industry over the past five years. The direct value of the UK fashion industry to the UK economy is £26 billion; up from £21 billion in 2009.
Showing an increase of 22% in nominal terms (source: Oxford Economics 2014) The UK fashion industry is estimated to support 797,000 jobs (source: Oxford Economics 2014). This is a decrease of 2.3% from 2009 Whilst employment figures have dropped overall the increased contribution to UK GVA reflects higher productivity within the fashion sector. The British Fashion Council is committed to supporting growth in the sector which it hopes will lead to more employment opportunities Fashion’s total contribution to the economy via both indirect support for supply chain industries and induced spending of employee’s wage income is estimated to have risen to over £46 billion. The World Spends Billions to Look Beautiful. How Big is the Beauty Industry? - FashInvest. As a constant shopper of beauty products, I am always amazed at how beauty departments are always so crowd (leaving only elbow room in most cases).
This is the case in department and specialty store. After pushing and literally saying excuse me over 30 times, I finally made it out of Sephora last week. Once I got outside and started walking down the street I wondered to myself: “How big is the beauty industry and how much is being spend by the consumer?” Here’s what I found:Total sales in the beauty industry have reached approximately $426 billion. While the Western hemisphere accounts for most of the spending in the beauty industry, India and the rest of Asia is not too far behind! Breakdown of the Beauty Industry Now, the beauty industry is made up of 5 segments. Hair Care – 20%Skin Care – 27%Fragrance – 10%Make-up – 20%Other – 23% Hair Care Market Roughly 20% of all cosmetic products sold are for the hair. Skin Care Market Make-up Market Fragrance Other (Personal Care Products) Comments. 16356.pdf. Industry Insight: Fashion Industry in UK | BusinessVibes. The UK fashion industry is one of the most vibrant and creative business sectors in this country.
UK fashion industry makes a significant contribution to the UK economy, both in terms of Gross Value Added (GVA) and employment, whilst also providing considerable support to the UK Exchequer. The employment in the UK fashion industry in 2009 was estimated to be around 816,000 or 2.8% of total employment. The majority of jobs supported are in the retail sector. According to The Value of the UK Fashion Industry Report, in 2009, the UK fashion industry is estimated to have directly contributed £20.9 billion to the UK economy, or 1.7% of total UK GDP.
In terms of products, the sale/production of women’s wear is estimated to provide the largest source of GVA in UK, at just under £6.2 billion. Consumers purchasing fashion items (with some exceptions) pay Value Added Tax (VAT) while companies manufacturing and retailing fashion items pay company tax and all employees pay income tax and VAT. Fashion Capitals | The Global Language Monitor. [wowslider id="6"]. . Ninth Annual Ranking Now Includes Fifty-five Cities September 6, 2012, New York and Austin, Texas. London has been crowned the Top Global Fashion Capital, edging out New York for the second year in a row, according to the Global Language Monitor’s annual ranking of the Top Fifty Fashion Capitals. London and New York were followed by Barcelona, Paris and Madrid. “London’s two-year run has been has been propelled by two rather extraordinary circumstances: the emergence of the former Kate Middleton as a top fashion icon and the recent completion of what have been hailed as an extremely successful Summer Olympics,” said Bekka Payack, Manhattan-based Fashion Director of GLM.
Top movers on the plus side included Antwerp (+33), Caracas (+27), Johannesburg (+23), and Sao Paulo (+18). Prior to London’s two year reign, New York had reclaimed the crown from Milan. The 2012 Top Global Fashion Capitals, with Rank, Previous Year’s Rank, and commentary: 1. 11. 14. Fashion: Why the UK? 1. Originality and professionalism UK fashion has a unique spirit and energy that ignites the imagination of the world.
From its cutting-edge trailblazers to the refined craftsmanship of its star designers, the originality and professionalism found in the UK make it one of the most influential fashion hubs in the world. 2. From high street to haute couture, UK fashion is international in outlook, translating trendsetting British creativity into a dynamic global industry. Some of the most iconic brands in contemporary fashion are from the UK, with young designers understanding that in order to be successful they have to be both creative and commercial. 3. The UK is home to leading designers of all types of clothing, many of them possessing the ability to take a classic style and fabric and turn it into something very different and innovative.
The UK offers world-class design expertise in menswear, womenswear, childrenswear, footwear and accessories. 4. 5. links to retail and manufacturing. Global beauty market to reach $265 billion in 2017 due to an increase in GDP. According to the latest market research from Lucintel, rising consumer incomes and changing lifestyles are driving the global beauty care products industry, which is forecasted to reach around $265 billion by 2017. The report "Global Beauty Care Products Industry 2012-2017: Trend, Profit, and Forecast Analysis,” reckons that the industry will grow at a CAGR of 3.4 percent over the next five years, and highlights an increasing demand coming from Europe and the Asia Pacific (APAC) region. Rapid growth Last month, the market researcher noted the 'personal care' products industry as reaching $630 (€487) billion by 2017, the report then focused mainly on the likes of sunscreens, deodrants and skin care.
This latest report takes into account the hair care, color cosmetics, skin care and fragrance sectors, the market researcher reports that there is major growth potential for premium and luxury cosmetics as demand increases in the expanding middle class in developing nations. The fashion business. Image copyright AFP We know that clothing is big business, but it may be surprising just how big. The fashion industry's contribution to the British economy is an estimated £26bn - that's twice the size of the car industry's and nearly as big as the contribution from housing, according to the British Fashion Council.
It is not just dresses and handbags, but also design and manufacturing that make the sector the largest part of the so-called creative industries, which include marketing, etc. It's an important part of the services sector that makes up around four-fifths of the economy. And services has powered the economic recovery, which I have written about before. I wrote then that it was a tougher sector to picture than say manufacturing cars which is tangible. Intangible services like business services or design are harder to see.
But a couple of times a year during London Fashion Week, it is visible as models wear dresses that embody design as they sashay down the catwalk. UK creative industries worth £71bn a year and fastest-growing sector. Tue, 14 Jan 2014 | By Angus Montgomery The UK’s creative industries are worth £71.4 billion a year, according to new Government statistics. The sector grew by almost 10 per cent in 2012, outperforming all other sectors of UK industry, according to the Department for Culture, Media and Sport. The creative industries as a whole now account for just over 5 per cent of the UK economy, according to the report. It also accounts for 8 per cent of UK exports – valued at £15.5 billion. The figures show that design is worth £2.5 billion a year. The DCMS classifies design as being product, graphic and fashion design.
The figures also show that crafts are worth £248 million a year, publishing is worth £9.7 billion a year and advertising and marketing is worth £10 billion a year. Employment in the design sector, meanwhile, rose by 16 per cent in 2012, to 116 000 people. You can read the DCMS report in full here. Global fashion industry statistics - Fashion News, Business, international apparel industry world wide.
Beauty Industry Analysis 2014 - Cost & Trends. Beauty Industry in 2015 at a Glance Comprised of a diverse yet interrelated set of business lines, the beauty industry helps us look and smell our best. Before we leave the house each day, we have likely undergone our personalized beautification ritual. Included in this ritual is the daily shower and shave, the weekly nail trim, and the monthly haircut. And increasingly we are taking a more holistic view of our health, and our beautification ritual may now include a periodic massage and trip to the spa.
But our concern with our appearance is hardly anything new; indeed the beauty industry has been expanding and growing for all of recorded history. The beauty industry today encompasses far more than cosmetics and skin care products, though they are still a significant portion of the sector. Lotions, Treatments and Baths. Beauty industry opportunities can be broadly separated between products and services, though many providers offer both. Different Beauty Franchise Opportunities.