Fashion > Fashion
Will it be a lean Year of the Pig for UK fashion retail?
6 monthes ago | By Drapers
The growth of the Chinese economy is slowing down and tourist numbers are falling. Drapers investigates the impact on UK fashion retail.
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Year of the Pig Spending in China Starts Out Lean
6 monthes ago | By WWD
BEIJING - Traditionally, the Year of the Pig, which China just feted, is meant to usher in great wealth and fortune. But judging from the initial data from the week-long holiday spending period, the country may be in for a different kind of year.
Figures from China's Ministry of Commerce showed retail and food sales growth of 8.5 percent, the slowest pace since the government began publishing data in 2011, and falling from the 10.2 percent seen last year.
Between Feb. 4 and 10, consumption value reached 1.005 trillion renminbi-the first time it passed the trillion renminbi mark-or $148.96...
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