Cost

Fast fashion trends will be affected by the impact of the cost of living

Fast fashion trends will be affected by the impact of the cost of living

Rampant inflation has caused the majority of consumers around the world to unfollow seasonal fashion trends, posing a major challenge for fast fashion retailers. The last EY The Future Consumption Index shows that 64% of respondents no longer feel the need to follow trends, with 69% now trying to repair rather than replace their possessions. …

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FILE PHOTO: Britain's International Trade Secretary Anne-Marie Trevelyan speaks during the Global Investment Summit at the Science Museum, in London, Britain, October 19, 2021. Leon Neal/Pool via REUTERS/File Photo

Reduction of customs duties on imported clothes, bicycles and cucumbers to reduce the cost of living

The UK will cut tariffs on hundreds of everyday goods, including cucumbers, clothing and bicycles, in a move ministers hope will help Britons cope with the soaring cost of living. On Tuesday, Commerce Secretary Anne-Marie Trevelyan launched a new program to extend import duty reductions for goods from developing countries in a bid to cut …

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Cost of living crisis: A look at Southampton's clothing banks

Cost of living crisis: A look at Southampton’s clothing banks

VOLUNTEERS have revealed what one of Southampton’s clothing banks looked like during the cost of living crisis. More than 1,400 people depended on Southampton City Mission for its clothing banks to make ends meet last year. The Christian missionary group has seen an increase in the number of Sotonians using its banks with more than …

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