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The Business of Fashion

consumer-spending

Entrepreneurship

Streetwear Reigns Supreme, Say Teens

Brands including Adidas, Supreme and Gucci come out on top in a Piper Jaffray survey of young consumers, while Nike and Ralph Lauren are losing lustre.

Entrepreneurship

US Retail Sales Fall for a Second Month as Consumers Pull Back

Retail sales fell 0.2 percent after declining 0.1 percent in May, the Commerce Department said Friday.

Retail

US Consumer Confidence Reaches Highest Level in 17 Years

Consumers' confidence in the US rose to its highest level since 2000, led by optimism for finding work and a brighter assessment of business conditions.

Retail

Op-Ed | Brits' Post-Brexit Retail Therapy Reels From Inflation

Now that post-referendum reality is starting to bite, there is mounting evidence that Britons are reining in their spending.

Retail

UK Consumer Spending to Slow Sharply in Coming Years

The food and clothing sectors, which are heavily reliant on exports, are most exposed to the pound’s 18 percent drop against the dollar since Britain’s vote to leave the European Union.

Entrepreneurship

Holiday Sales Outpace Expectations Despite Department Store Woes

Spending rose 4 percent to $658.3 billion during November and December, beating a 3.6 percent projection.

Retail

Post-Election, US Apparel Spend Is Just as Divided as the Country

Data shows Donald Trump supporters, buoyed by his win, spent more on apparel after the US election than Hillary Clinton supporters.

Retail

Research Groups Predict Robust Online Holiday Shopping

ComScore predicts online spending on Cyber Monday will jump to $3.5 billion from $3.12 billion last year.

China

China E-Commerce Giants Head to Countryside for New Customers

Singles’ Day on Nov. 11, marks the biggest shopping promotion of the year for both Alibaba and JD as consumers outside the megacities are opening their wallets more.

Retail

Why Are Department Stores So Scared of Halloween?

Consumer spending on Halloween will hit $8.4 billion this year, yet many department stores and fashion retailers are ignoring the opportunity.

Retail

The 10 Commandments of New Consumerism

Consumers are reassessing their priorities and increasingly questioning what they truly value, but what does the change mean for fashion companies?

Entrepreneurship

Bags and Bling, Tourists Seek Bargains in Brexit Britain

The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown.

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