Consumer Trends in Clothing and Apparel in the United Kingdom and the United States
The coronavirus pandemic has had a significant impact on the Clothing and Apparel sector in both the UK and the US. In March, millions of people stayed at home to reduce the transmission of the virus. This occurred as cases surged in both the United Kingdom and the United States. The crisis has negatively impacted […]
Next Business Analysis: The Wolves are at the Door for Fashion Retail
In light of profit warnings and a share price decline of clothing retailer Next, CEO Lord Wolfson attributed the uninspiring performance to a general decline in consumer spending of fashion due to a shift towards more experiential consumption. We did an exploratory analysis to understand whether a shift in consumer spending is actually responsible for Next’s negative performance […]
