298
Fashion Jobs
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Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
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H&M
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H&M
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Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
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ESTÉE LAUDER - BRAND
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Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
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TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
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AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters
Published
Aug 17, 2017
Reading time
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UK shoppers cut back on fashion buys as confidence falls - Nielsen survey

By
Reuters
Published
Aug 17, 2017

More Britons tried to rein in their spending in the second quarter of this year than at any time since 2015 as rising inflation squeezed household incomes, according to a survey published on Thursday.


UK shoppers are increasingly keeping their wallets and purses shut



Some 53 percent of Britons scrimped between April and June - the highest proportion since 56 percent did so during the same period of 2015, market research firm Nielsen said.

This marked a swing back towards household cost-cutting over the course of the past year, which had been at its lowest level on record - 40 percent - in the two months after the Brexit vote in June 2016.

But sterling's sharp depreciation in the immediate aftermath of the referendum - making imports more expensive - has pushed up shop prices at a time when wage growth is largely stagnant.

Official data published on Wednesday showed that wage growth fell by 0.5 percent in real terms in the three months to June.Nielsen said Britain declined from second in Europe's consumer confidence rankings just before the Brexit vote to the ninth now.

Shoppers have changed their behaviour in a way that is reminiscent of the aftermath of the financial crisis in 2008/09, said Steve Smith, managing director of Nielsen UK and Ireland.

Thirty percent of respondents cited switching to cheaper grocery brands as their money-saving tactic, with another 27 percent working to save on gas and electricity.

A quarter of respondents spent less on new clothes and takeaway meals, while fewer were willing to cut down on out-of-home entertainment, holidays and alcohol.

"Shoppers are well-trained to use their household grocery budgets as a way to manage overall household costs, particularly as the desire to treat themselves remains," said Smith. "This is shown by the fact relatively fewer people are willing to sacrifice entertainment, holidays and takeaway meals."

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