With the economic crisis, inflation and all that follows, consumers try to save money and are spending with caution regarding several things in our daily lives especially for clothes.
Even when it comes to brands which already offer their product at a lower price like the giant Primark, the meeting place for every person who wants to buy some clothes at a small price!
Yes, their sales are still growing at 3% but that's quite a tiny percent compared to what it used to be.
Also, noted that consumer demand in the UK is slowing down which is baad news for retailers!
What's more the cost of cotton is increasing which means most clothes will be dearer!!
What if British shoppers can't even afford a pair of shoes at 3£?
Would it mean that Top Shop, Next or Mark&Spencers are struggling to survive in the market?
Source: London Evening Standard
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