THE FLANARANT: Government cuts set to hit EU clothing sales

Unlike their US counterparts, many apparel retailers in Europe have seen sales remain surprisingly healthy throughout the recession. But this could all be about to change, believes Mike Flanagan, as moves by several European governments to slash their debts via tax hikes and public spending cuts start to curb the region's clothing business. For suppliers, the likely slowdown in demand coincides with rising costs.

Unlike their US counterparts, many apparel retailers in Europe have seen sales remain surprisingly healthy throughout the recession. But this could all be about to change, believes Mike Flanagan, as moves by several European governments to slash their debts via tax hikes and public spending cuts start to curb the region’s clothing business. For suppliers, the likely slowdown in demand coincides with rising costs.

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