Latest data shows cash spent on clothing and shoes has dropped dramatically as people splurge instead on eating out and leisure pursuitsBritain’s retailers believe suffered the biggest fall in spending on clothes and shoes for 25 years,as consumers increasingly allocate their spare cash to leisure activities and eating out instead.
According to official figures, clothing and shoe shop sales fell 3.4% in February, or which was the sixth consecutive month of decline,and marked the longest hasten of falling sales since October 1991. Related: Next warns of toughest trading since financial crisis and cuts sales forecast Continue reading...
Source: theguardian.com