1.5 Clothing Stores In The UK Will Collapse Due To Recession.

According to the British BDO Research Report, as the British economy recovered slowly, by 2015, there were over 2.65 000 households. Retailer It will face bankruptcy. Which includes 1.54 000 popular Clothes & Accessories Shops, 6300 bars and restaurants, and 1500 furniture retail outlets.

During the post recession period, the rate of business failure was significantly higher than expected. Previously, researchers predicted that 0.6% of retailers would go bankrupt. This figure may reach 0.9% this time. Next year, the number of retailers will be the most in 5 years, about 5017.

Williams, director of retail research at BDO, believes that thousands of companies are bankrupt because they can't adapt themselves to the psychology of consumers after the credit crunch. The recession has changed people's habits, making them more demanding than before, seeking cheap and good. product 。 If an enterprise can not understand what consumers think, then it is impossible to survive or thrive.

Supplement:

The National Arbitration Commission of the clothing industry in South Africa and the Sactwu will jointly propose to punish the manufacturers that do not implement the agreement of the committee, but the relevant people in the industry believe that the wage structure of the Arbitration Commission is not realistic.

According to the chairman of the committee, Ms. DeborahArends, 385 companies in the country have seriously violated the regulations, of which 372 have been found to be unqualified.

These non compliant manufacturers will be forced to close the factory, but this will cause nearly 23000 jobs to drain.

Arends says many workers earn less than 100 South African dollars per week.

The Chinese factory in daxinpu, a provincial capital, was closed in August because of the protest committee's weekly pay of less than 324 South African coins.

At the annual meeting of the Committee held in Cape Town, Labour minister MembathisiMdladlana said that manufacturers who did not comply with the law should be punished for crimes because they had stolen the basic rights of workers.

AndreKriel, Secretary General of the textile and Garment Industry Federation, said that the Federation will work to make the non compliant practitioners punished by criminal acts.