Scottish Conference Charity Retail Association. Economic prospects – in which direction are we heading?. Scottish Charity Retail AssociationConference. Agenda. RECENT HISTORY How has retail fared during the recession? THE FUTURE Prospects for economic recovery?. RECENT RECESSIONS.
Economic prospects – in which direction are we heading?
Scottish Charity Retail AssociationConference
Primark is rightly being exposed over the use of child labour in the finishing of cheap clothes. But as evidence against retailers stacks up, shoppers are kidding themselves if they don't shoulder some of the blame, says Dan McDougall.
The key question behind sweatshop investigations into major corporations like Panorama’s special on Primark is abundantly clear: do consumers, the UK shoppers who spend billions in the High Street, truly care where their £4 hand-finished blouse comes from? The answer, to the shops at least, is yes. And it is reflected in the growth of ethical sourcing policies led by firms like Marks and Spencer.
Consumer spending has been relatively resilient?
*High inflation scenario is consistent with strong recovery,
while the low inflation scenario is consistent with double dip
Sticky inflation to force early interest rate rises? double dip?Growing market anxieties about UK inflation look exaggerated (1.7pp of the current 3.7% UK CPI inflation rate stem from VAT and indirect tax hikes) but rates will inevitably nudge upwards later this year.
Key messages on UK economic outlook double dip?
Strategy on coming out of recession double dip?
Scottish Conference Charity Retail Association double dip?
"There is a return by consumers to a more intelligent
way of shopping, and I think it's clever to shop in charity
shops. We've gone through 15 years of really high
consumption where fast fashion and very cheap value fashion
affected people's shopping habits. Now, with the financial crisis
and the environmental crisis, there's a slower way that people are
consuming and there's a more sophisticated approach to
consumerism. So to me charity shops are like, whoopeedoo!“
Mary Portas, talking to the Scotsman, last year.