Consumers in Britain might be expected to be unwilling to spend given the huge uncertainty around Brexit, but while confidence isn't high, its not as low as it could have been, a new report said on Thursday.
According to a new report from Brand Finance, US-based sportswear giant Nike has consolidated its position as the most valuable apparel brand in the world this year, while Zara and Uniqlo have made strong gains.
An in-depth analysis of lives of workers in the Australian clothing supply chains has revealed a systemic failure to ensure payment of living wages to workers in two sourcing countries – Bangladesh and Vietnam.
The UK is a magnet for luxury tourists but the potential for spend at its upscale fashion stores is being let down by the country’s ‘Stone Age’ method of refunding VAT, experts claim. And Brexit could make it worse.
The European Commission is considering new rules to speed up the take-up of an instant payment system launched last year by the European Central Bank in a direct challenge to firms like PayPal, a top official said.