Clothing, footwear and household textiles

摘要

Despite the reported buoyancy in the economy during the year, which has led the financial authorities to keep interest rates moving up with the aim of controlling inflation, 1997 was not an easy year for the clothing, footwear and household textiles sectors. The General Election in May removed the uncertainty of 1996/97 and an extended Period of euphoria followed. However, in recent years competitive pressures have Made to increasingly vital for the clothing and footwear sectors to keep pace with Fashion trends. It is true that technological advances have made it possible to Shorten the time needed between perceiving a trend in demand and getting the Physical stock items into retail outlets but the more some organisation are able to Reduce this interval, the greater is the competitive pressure on others in the market.