Latest data shows cash spent on clothes and shoes sees dramatic drop as people would rather splurge on fine dining or active pursuitsBritain’s retailers have suffered the biggest descend 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 speed of falling sales since October 1991. Related: Next warns of toughest trading since financial crisis and cuts sales forecast Continue reading...
Source: theguardian.com