Consumer Spending

News & Analysis

British Retail Sales Drop for Fifth Month Running

17 January 2020 • By Reuters

17 January 2020 • By Reuters

Consumer demand in the UK is softening, despite low unemployment and modest inflation.

News & Analysis

British Retail Sales Drop for Fifth Month Running

Consumer demand in the UK is softening, despite low unemployment and modest inflation.

News & Analysis

John Lewis Boss to Exit After Weak Christmas Sales

9 January 2020 • By Reuters

9 January 2020 • By Reuters

Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.

News & Analysis

John Lewis Boss to Exit After Weak Christmas Sales

Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.

News & Analysis

French Consumer Morale Drops As Strikes Continue

8 January 2020 • By Reuters

8 January 2020 • By Reuters

Retailers struggled through the holiday period as the ongoing protests kept shoppers at home nationwide.

News & Analysis

French Consumer Morale Drops As Strikes Continue

Retailers struggled through the holiday period as the ongoing protests kept shoppers at home nationwide.

The Year Ahead: Sustainability Takes Centre Stage

2 January 2020 • By BoF Team and McKinsey & Company

2 January 2020 • By BoF Team and McKinsey & Company

Next year, fashion players need to swap platitudes and promotional noise for meaningful action and regulatory compliance while facing up to consumer demand for transformational change.

The Year Ahead: Sustainability Takes Centre Stage

Next year, fashion players need to swap platitudes and promotional noise for meaningful action and regulatory compliance while facing up to consumer demand for transformational change.

Global Currents

Vietnam: Luxury’s Next Goldmine?

2 December 2019 • By Zoe Suen

Global Currents

Vietnam: Luxury’s Next Goldmine?

On the back of a deal with the EU, luxury goods will become more affordable in Vietnam. Are brands investing heavily enough in what is one of the fastest-growing economies in the world?

BoF Professional Exclusive

Don't Believe the Hype: Exclusivity Still Matters

24 October 2019 • By Luca Solca

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BoF Professional Exclusive

Don't Believe the Hype: Exclusivity Still Matters

Demand for luxury fashion is deeply rooted in exclusivity. The rise of millennials and the industry’s recent use of inclusivity in its marketing narratives does not change this, argues Luca Solca.

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News & Analysis

US Retail Sales Rise More Than Expected in August

13 September 2019 • By Reuters

13 September 2019 • By Reuters

Consumer spending, which accounts for more than two-thirds of the economy, increased at a 4.7 percent annualised rate in the second quarter, the most in four and a half years.

News & Analysis

US Retail Sales Rise More Than Expected in August

Consumer spending, which accounts for more than two-thirds of the economy, increased at a 4.7 percent annualised rate in the second quarter, the most in four and a half years.

News & Analysis

UK Consumer Spending Growth in 2019 to Be Slowest in Six Years

24 June 2019 • By Reuters

24 June 2019 • By Reuters

Consumer spending benefited from robust employment growth and a strong pick-up in real earnings growth in the second half of 2018 and early 2019, but the outlook is now weaker.

News & Analysis

UK Consumer Spending Growth in 2019 to Be Slowest in Six Years

Consumer spending benefited from robust employment growth and a strong pick-up in real earnings growth in the second half of 2018 and early 2019, but the outlook is now weaker.

News & Analysis

Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts

2 April 2019 • By Reuters

2 April 2019 • By Reuters

Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.

News & Analysis

Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts

Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.

News & Analysis

PZ Cussons Sees Lower Profit as Africa Challenges Mount

29 January 2019 • By Reuters

29 January 2019 • By Reuters

The owner of Imperial Leather, Original Source and St Tropez has been struggling to turn around its African business, which contributes over a third of its revenue.

News & Analysis

PZ Cussons Sees Lower Profit as Africa Challenges Mount

The owner of Imperial Leather, Original Source and St Tropez has been struggling to turn around its African business, which contributes over a third of its revenue.