Belfast Telegraph

UK Website Of The Year

Fashion sales in seven-year low

By Ravender Sembhy

Published 18/10/2016

Northern Ireland designer J W Anderson has seen his clothes continue to grace catwalks despite a drop in fashion sales
Northern Ireland designer J W Anderson has seen his clothes continue to grace catwalks despite a drop in fashion sales

The British fashion market has witnessed its steepest decline in sales since 2009, according to new data. Figures from Kantar Worldpanel covering the year to September 25 show that the sector, which encompasses clothing, footwear and accessories, has seen four months of consecutive sales decline.

Almost £700m has been lost from the value of the market compared to last year, Kantar added.

The research group's consumer insight director Glen Tooke said: "Fashion retailers are still following the same patterns of over-buying and deep discounting and consumers are increasingly reluctant to pay full price.

"Retailers have responded to falling sales by investing less in their lines, when what they need to be doing instead is addressing these problems more proactively."

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph