UK retail sales volumes dip in June - BBC News. UK retail sales volumes fell unexpectedly by 0.2% in June, after consumers bought fewer household goods, and less food and petrol.
The figures from the Office for National Statistics (ONS) also showed the annual rate of sales growth slowed to 4.0% last month from 4.7% in May. That was the slowest annual growth rate since September 2014, and was below analysts' forecasts. However, the ONS said the annual growth rate was still "strong". Sales volumes in the April-to-June quarter were up 0.7% from the previous quarter. The value of online sales in June increased by 1.4% compared with May and accounted for 12.4% of all retail sales. Howard Archer, chief UK and European economist for IHS Global Insight, said June's sales data was "a little disappointing" but added that the figures were "not a body blow to improved second quarter growth hopes".
Many analysts have been expecting retail sales to do well, with recent statistics showing wage increases are picking up while inflation remains near zero. London Fashion Week: Fashion industry worth £26 billion to UK economy. New figures published by the British Fashion Council on the first day of London Fashion Week value the fashion industry's contribution to the UK economy at £26 billion BY Ellie Pithers | 14 February 2014 A model appears on the catwalk during the London College of Fashion MA Show at the Waldorf Astoria Hotel, Aldwych Photo: PA The British fashion industry is worth £26 billion to the country's economy, according to figures published today by the British Fashion Council.
At a press conference to open London Fashion Week Natalie Massenet, chairman of the British Fashion Council, announced the increase of 22 per cent; up from £21 billion in 2009. This figure incorporates not only the direct impact of wholesale, retail and manufacturing on the economy, but also its effect on other industries including tourism and financial services. The fashion industry is estimated to support 797,000 jobs according to research by Oxford Economics. UK retail sales volumes dip in June - BBC News. Women's Clothing Industry Market Research & Statistics.
Global Women’s Clothing Industry The global women’s clothing industry is expected to exceed $621 billion in 2014, marking a 12% increase in five years, reports MarketLine.
Clothing retailers account for the largest share of the market at almost 65% in terms of value. The EU represents more than 35% of the global market, which encompasses formalwear, essentials, active wear, outerwear and casual wear. Major drivers of the world womenswear market include fashion, with shoppers eager to keep up with the latest trends, consumer confidence and rising income levels. Compared with the lows of the economic recession, employment rates and per capital disposable income levels are rising, which leads to greater consumer confidence, allowing consumers to part with their cash more easily.
As consumers made less purchases during the economic recession, retailers currently find themselves with a product surplus. Regional Markets Key Market Segments Market Outlook Leading Industry Associations More » London Fashion Week 2015: From catwalk to High Street. 24 February 2015Last updated at 19:03 ET By Harriet Hall BBC News Inside London Fashion Week Twice a year, London's grand neoclassical Somerset House, welcomes a tumult of fashion designers and their models dressed in their finest gladrags.
The courtyard becomes the centre of London Fashion Week - a far cry from the building's sober past as home to the Inland Revenue. This year sees the event's 61st year, during which more than 250 designers will showcase their collections for autumn and winter to a global audience. For those outside the fashion industry, it can be difficult to appreciate why this week is so important. Indeed, watching the crowds teetering on vertiginous heels, heads topped with designer sunglasses, arms toting handbags and hands clutching smartphones, it is easy to understand why. Yet while it may look like a big party to outsiders, the week is a crucial one for the industry. Some catwalk fashions may seem outlandish or frivolous.... Trickle-down trends “Start Quote.
Global Recession Impacts on Fashion Industry: Strategies for Survival. The whole world is facing global recession.
The economy is slowing, the business environment is unpredictable and the consumers are getting increasingly diverse, informed, technologically strong and demanding. The global meltdown has, in no way, spared the fashion industry. This industry, along with other textile products industry, is also feeling the pinch of financial adversity. The Fashion Industry The fashion industry can be termed as complicated with no standard for defining fashion companies. Impacts of Recession on Global Fashion Industry The trends all over the world is that of rising unemployment, credit squeeze and plummeting home budgets. Many big names in the fashion industry are facing financial problems, many of whom have even declared their negative condition. Consumer spending has got lower resulting in pressure on retailers' margins. Reduced discounting dampens high street fashion trade.