Average rents along Manhattan’s 16 retail corriders have being declining for eleven consecutive quarters. In the UK, retail store vacancies have reached its six-year high.
When consumers work from home, they reallocate spend similarly to consumers in retirement, and apparel is the category that experiences the deepest decline.
The British Parliament already alerted a year ago about working conditions in the city, which became the second richest in Europe thanks to its textile industry.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.