Consumer Spending Via Online Channels up by 3.7%
UK shoppers spent £24.4bn online over the Christmas period, up 3.7% year-on-year, as deep discounting and BNPL drove sales. Online prices were discounted in the...
Tag : economy
UK consumer Confidence Affected due to Inflation
UK consumer confidence slipped by nine points in October, making it the largest month-on-month drop in over three years. Market research company GfK’s Consumer Confidence...
Woollen Sector registered 32% growth in exports
Chairman Romesh Khajuria Carves Path for Consistent Growth Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal...
India UK FTA to Get Faster as Sunak Takes up Charge
A new hope for faster signing of INDIA EU FTA is foreseen after Indian-origin Rishi Sunak was appointed British prime minister. Sunak had earlier told...
Tariffs Denting American Economy & Causing Inflation :NRF
National Retail Federation has written a letter of request for immediate tariff relief to address the ongoing inflation facing American businesses, workers and consumers. According...
Inflation hits retail sales globally
Global retailers have significantly trimmed down their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook. The Russia-Ukraine war has led...
WILL THE NEW PACKAGE BY FM SAVE APPAREL INDUSTRY?
Finance Minister Smt Nirmala Sitharaman announced a Rs 6.29 lakh crore stimulus package for economic relief and growth. In the package the Minister has announced...
GOVT HIGHLIGHTS MEASURES FOR REVIVAL OF TEXTILES INDUSTRY
In order to make the textile sector competitive by rebating all taxes/levies in international market, the Government has decided to continue the RoSCTL (Rebate of...
Luxury Brand LVMH Reports Resilient Fourth Quarter Results
LVMH ’s fashion and leather goods business, home to Vuitton handbags and other brands such as Christian Dior, performed better than analysts expected in the...
Debenhams To Close Six Stores Permanently
12,000 jobs at risk Debenhams said six stores will not reopen. Debenhams’ liquidation in December will put 12,000 jobs at risk. The flagship store on...