Maxx Handbags. industry is worth an estimated £44.5 billion. In 1960 10% of home expenditure was invested in on clothing and footwear. These days, thanks to discounted prices, reduce production costs abroad and a flood of Chinese imports, only 6% of household expenditure is put in on keeping us fashionable. Encouragingly for the consumer, among 2001 and 2005 average outfits and footwear rates fell 14.4% whilst the cost of living has risen by 12.6%.
DKNY Handbags. Discounting is rife from the ultra-competitive UK fashion market. Marks & Spencer remains the market leader in the sale of high street trend, but faces fierce competition from discount fashion specialists such as Primark and TK Maxx. Increasingly, affluent younger consumers are buying formerly exclusive high fashion brands such as; Prada (Italy), Chloe (France), Hugo Boss (Germany), Burberry (UK) and Donna Karan (U.S) to mention but a few.
The rise of cheap imports has nearly wiped out UK manufacturing. These days UK manufacturing concentrates on specialist fashion clothing or luxury products, mostly made for wealthy consumer in other developed countries. A continued trend inside fashion business is the integration of manufacturers and retailers. The top three trend retailers in UK; Next, Marks & Spencer and Arcadia (Topshop, Dorothy Perkins, BHS etc.), are all manufacturing and retailing their own style brands. Exceptions to this vertical integration are the street trend brands of Nike, Adidas and Reebok, who prefer specialist retailers.
Handbags Purses Totes. To conclude, the UK style industry will continue to be driven by retailers rather than manufacturers with a polarisation between discounters and full-price retailers. The full-price retailers will capitalise on young consumer demand for couture-house designs, quality materials and individual styles sold as “fast fashion” with items offered for a limited time before new styles are released. Forecasts to 2010 are for that women’s, girls and infants trend marketplace to grow by 23% with a 15.6% growth for that men’s and boys fashion market.
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