CEC And European Trade Union To Launch European Footwear Industry Dialogue

Europe

The CEC and the European Trade Union (EU) have been in the field recently.

The theme of "dialogue on European footwear industry" was held.

We are committed to recommending new policies and ideas to consolidate the European footwear industry.

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A recent report by Conlumino, a retail analyst, showed that although luxury goods retail sales ranked third in Europe in the UK, it is expected to surpass Italy and France to win the first place in 2018 by successfully attracting luxury consumer groups.

The total retail value of luxury goods in the UK now stands at 17 billion 600 million US dollars, accounting for 15.8%, but it is expected to account for more than 19.6% by 2018.

In recent years, Britain has gradually developed into a popular tourist attraction for young and old, including young luxury consumer groups.

Shopping opportunities in London have grown and become more diversified over the years.

Maureen Hinton, director of Conlumino survey, said that because of the steady economic growth, the cultural and social advantages are obvious, and tourism and work visa procedures are simple.

Luxuries included in the Conlumino survey include clothing, jewelry watches, alcohol, personal care, home furnishing, luggage and leather goods, consumer electronics and others.

For the future pattern of European luxury retail market, the report firmly believes that because of the poor economy of Italy and France in the top two, and the decline in household consumption, its luxury market share will be moved to the UK.

Germany, Russia and Spain, now ranked three or four and five, will remain the same.

According to the report, Europeans spend most of their clothing on clothing, totalling $27 billion, and jewellery, watches and accessories occupy the second place at a total of $19 billion 800 million.

Luxury sales in Europe are expected to exceed $149 billion 800 million by 2018.

The report found that luxury goods group Louis Weedon ranked 13.9% in the retail sales of luxury goods in Europe.

Both peaks and Kai Yun group are ranked behind 6.2% and 3.8% respectively.