Italy's fashion industry expects its revenues to stall this year, with growth of just 0.1%, a far cry from the average 3% annual growth rate it has achieved over the last decade and which it hopes to recoup in 2020.
Leaving the European Union without a trade deal would cost Britain at least $16 billion (13 billion pounds) in lost EU sales, of which $2 billion in apparel and textiles, U.N. trade agency UNCTAD said on Tuesday.
Confidence drained away from British businesses and consumers in August as the Brexit crisis deepened, according to surveys that suggested the political ructions were taking an increasing toll on the economy.
The BFC on Monday issued a strongly worded plea to the government to avoid a no-deal Brexit, outlining the downsides that would be the result if the UK’s trade with the EU is disrupted from the end of next month.
Three words: Brexit, Brexit and Brexit. That's dominating the thinking of UK consumers at present and new collections, the weather, sports events, festivals, back-to-school, and late holidays are taking a back seat.