UK: Apparel And Footwear Growth Still Low
The value of spending on clothing and footwear in the UK is expected to grow by only 1.3 per cent this year, according to a recent report. The report, from Consumer Futures, the consumer arm of economic analysts Business Strategies, said this compared with estimated growth of 2.4 per cent last year. But a recovery is forecast, with growth of 3.8 per cent next year, followed by 3.6 per cent in 2003, and an impressive 4.1 per cent in 2004.
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