London on course for another year of record-breaking visitor numbers in 2014 London welcomed over 3.6 million overseas visits in the first three months of 2014, resulting in the best ever first quarter tourism numbers in the city’s history. The figures published today from the latest International Passenger Survey (IPS) show an 8.6 per cent increase on the same period last year, confirming that London is on track to welcome more visitors in 2014 than the 16.8 million that came to the city in 2013 – already a record-breaking year for the capital. Tourist spending over the same period was £2.44 billion, a 14.6 per cent increase compared with the first quarter of last year. These promising figures come just one day after London was crowned the most popular tourist destination in the world by the respected MasterCard Global Cities Index report, putting the city ahead of Bangkok and Paris. This autumn sees an impressive season of blockbuster exhibitions that are expected to attract millions of international visitors. Notes to Editors
Overdressed: Elizabeth Cline on Fast Fashion, Overconsumption, and What We Can Do About It If you've ever felt disturbed by how cheap the tank tops were at H&M—but bought one anyway—you're not alone. In her illuminating new book, Overdressed: The Shockingly High Cost of Cheap Fashion, Elizabeth Cline writes that the average American buys 64 pieces of new clothing a year, or a little more than one item a week. Much of it comes from "fast fashion" chain stores, which produce cheap clothes in massive quantities for the purpose of creating new trends that cycle out every few weeks, then sell them for next to nothing. Even secondhand stores can't keep up with the clothing we discard anymore, Cline writes; she visited one Salvation Army in Brooklyn that processes a staggering five tons of used clothes a day. So how did we get here? Bitch: The chapter on knock-offs is fascinating. Cline: One of the reasons consumers have gotten so cheap is that we're constantly being marketed to by luxury and designer brands, and we know how expensive and overpriced those items can be.
Screen Shot 2014 10 28 at 12 35 04 Foreign Tourists Fuelling UK Growth Spend on retail, hospitality and leisure is set to rocket as overseas visitors flock to the UK over the next few years, according to a new report from Barclays. The research, independently commissioned for Barclays' Retail and Hospitality & Leisure banking teams, reveals that spending from foreign tourists is predicted to reach over £27 billion by 2017, an increase of 34% on 2013. Rapid growth in spend among tourists from emerging economies will be further boosted by loosening visa restrictions, and overseas visitors will deliver a significant boost to the economy this year and beyond. Visitors from the US currently spend the most in the UK, followed by France and Germany and this spending pattern will continue through to 2017. Richard Lowe, Head of Retail & Wholesale, Barclays, said: “Opportunities abound for both retailers and the leisure industry to capitalise on these growing tourist numbers and spend.
Muji Muji is a well-known and respected specialty Japanese retail chain that sells household goods, apparel, and food products of its own unique design. Muji’s “no frills” products have captured the hearts, minds, and pocketbooks of its target customers--baby boomers and their kids--in Japan and in Europe. These are products that are simple in design, simply packaged, low cost, and produced to be energy efficient and environmentally friendly. Muji’s signature products include stationery, housewares, clothing, and food, as well as a newer line of baby products (for the kids’ kids/boomers’ grandkids). The Muji Brand: No Frills, Simple Design Fiona Rattray, a style columnist for the London Observer, described the origin of the Muji brand this way: “When Muji first began (in 1979)--as Mujirushi (no brand) Ryohin (quality goods)--it was as a no-frills label within the established Seiyu supermarket chain (though the two have long since parted). Brand Extensions. Distinctive Muji Design. 3) Ibid.
Mintel Report - Magazines UK 2014 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. 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.
Mintel- Media Consumer Habits Report British Fashion Council The purpose of the British Fashion Council’s digital pillar is to support the British fashion industry to become the world leader in creativity, business and innovation. It is important for the British designer community to drive forward sales and increase their profile on the global stage and innovating digitally is a perfect way to achieve this. The Mayor of London Boris Johnson said: 'I am delighted to support British fashion, which continues to be at the forefront of innovation. Today, market research firm Mintel has released the following statistics: Tamara Sender, Senior Fashion Analyst at Mintel said: ‘The market for online fashion continues to see robust growth as consumers become more accustomed to shopping online. Digital at London Fashion Week Caroline Rush, CEO British Fashion Council said: ‘This season London Fashion Week will be celebrating digital innovation in fashion, encouraging designers to embrace technology to amplify their stories and their work.
Keynote Report 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). George Osborne, Chancellor of the Exchequer said: 'London is about to host one of the central events in the fashion calendar, but more importantly it is about to showcase the world class talent we have in our fashion industry. Sam Moore, COO, Oxford Economics, added “Our research underlines the continued and growing importance of the fashion industry’s contribution to the UK economy. London Fashion Week AW14:
Retail Forecast for 2018 - Centre for Retail Research, Nottingham UK Retail in 2018 - Shop numbers, Online and the High Street The Centre for Retail Research published its analysis of how UK retailing will have changed by 2018 on 28 May 2013, entitled Retail Futures 2018 forecasts that by 2018: Total store numbers will fall by 22%, from 281,930 today to 220,000 in 2018. UK retailing has the highest proportion of online retail sales, so what happens here is being closed watched by foreign observers as Britain becomes a test bed for retail innovation. Key catalysts for the looming retail crisis: Consumer spending has increase by 12% since 2006 outstripped by retail operating costs (including rates) which have risen by 20%. UK is facing a crisis. Much comment about retailing either sees shops as doomed (most shops will close as online takes over the majority of retail sales) or believes that online will peak, making the crisis shakeout in the industry (business as usual). About the Report Store Vacancies Store Closures Regional Impacts Online Retail
Support for the creative economy (28th November 2012) Written Evidence submitted by the British Fashion Council [SCE 084] This submission is made on behalf of the British Fashion Council (BFC) by Caroline Rush (Chief Executive) and Simon Ward (Chief Operating Officer). The BFC welcomes the opportunity to respond to the Culture, Media and Sport Select Committee’s call for submissions relating to the support for the creative industries. Executive Summary · The UK fashion industry is advancing its economic position but requires continued government support in a number of key areas to fulfil the Chancellor’s ambition for the creative sector to become a "world leader". · The fashion industry is rightly perceived as dynamic, young and vibrant and hopeful. · Government needs to work with industry to find practical and vocational solutions to its approaching skills shortage to sustain its economic growth for the creative economy. 1.2 The role of the BFC is to nurture, support and promote British fashion talent at a designer level to a global market.
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fashion going mobile
Emma Clifford by vickseleedham Mar 24