Primark sales leap by 12% | Business. Primark defied heavy pre-Christmas discounting on clothing and the big switch to online shopping to finish 2013 in style. The cheap fashion chain – which does not sell online – yesterday revealed a 12% leap in sales in the 16 weeks to 4 January, indicating a 4% rise in sales once the benefit of new stores is stripped out. That performance put it well ahead of rivals such as Marks & Spencer and Debenhams and is in line with that seen by other "value" retailers such as Aldi and Lidl, who have all grabbed sales from more established rivals without the aid of an online store as cash-poor shoppers seek out a bargain. Profit margins also rose as Primark's owner Associated British Foods (ABF) said the chain had discounted less than a year before, despite unhelpful weather which hit some rivals hard. "We got the stock right," said John Bason, finance director of ABF.
"Fun and novelty was a very big trend with Christmas jumpers, novelty T-shirts and Christmas earrings selling well. " H&M Fashions Profits From Low-End Retail Strategy. Woolworths collapse 5th Anniversary: How has the high street changed? | Analysis. 2081646.pdf. UK Luxury Market Set to Double Over the Next 5 Years, Says Study. LONDON, United Kingdom — A study of the UK luxury sector expects the industry to nearly double in size over the next five years to £12.2 billion in 2017 from £6.6 billion in 2012.
The 2013 UK Luxury Benchmark was jointly produced by Walpole, a non-profit industry group representing the British luxury industry, and Ledbury Research, a market research firm specialising in the luxury sector. Researchers surveyed senior management and executives of companies spanning the luxury industry, including apparel and accessories, travel and hospitality, and jewellery. “Despite the backdrop of the Eurozone crisis and a difficult economic environment, the UK luxury industry remains extremely robust and is forecast to grow significantly in size,” said Julia Carrick, chief executive of Walpole, in a statement. Optimism is the prevailing sentiment — a full 83 percent of the brands surveyed for the study expect sales to rise in 2013.
Brands are also looking to push into emerging economies. British Luxury Market Set To Double In Five Years. 08 May 2013 Sarah Karmali THE UK luxury market is expected to double in size over the next five years. It's thought that the sector will be worth £12.2 billion in 2017, in comparison to £6.6 billion in 2012. The findings were reported in the 2013 UK Luxury Benchmark study conducted by Walpole - a non-profit British industry group - and market research company Ledbury Research.
The analysis was based on figures from the apparel, accessories, travel, hospitality and jewellery sectors, plus the results of surveys with senior management and executives. "Despite the backdrop of the Eurozone crisis and a difficult economic environment, the UK luxury industry remains extremely robust and is forecast to grow significantly in size," said Julia Carrick, chief executive of Walpole. Over 80 per cent of the labels surveyed forecasted an increase in sales for 2013, reports The Business of Fashion.
Downloadmedia. 54762. 16356. British Fashion Council - Value of Fashion - Value of Fashion Report. The ‘Value of the UK Fashion Industry’ report, commissioned by the British Fashion Council,defines the industry and analyses the true breadth and economic value of the UK fashion industry for the first time. The industry’s direct economic contribution to UK GDP was collated by analysing the industry’s profits and wages (known as gross value added (GVA)) across a wide range of fashion products and items – including womenswear and menswear through to handbags and shoes – plus the contribution of fashion education, fashion marketing and fashion media. The report also highlights the pivotal role of cutting edge British design, and showcasing events such as London Fashion Week [^], in driving innovation and growth within the industry itself, as well as attracting millions of visitors from across the globe to the UK every year.
Download and print the report [^] Or read it here... Fashion industry -- Encyclopedia Britannica.