Wednesday, April 22, 2009

Economic State of Fashion Industry

Since the start of global recession, more and more buyers prioritize less the purchases of fashion apparel and other accessories like bags or shoes. In the Philippines alone, our fashion economy has experienced a devastating decrease in sales, more particularly, the export textile industry. More and more textile and clothing companies are closing down because of this global financial crisis. I am pretty sure this economic state on fashion is also true in other countries.

At this time of prime economic crisis, it is only fit that we look for fashion apparel and stocks that within the means of our buying customers. No wonder, selling and buying of used clothes or "ukay-ukay" have become very popular nowadays.

We want to get value for our money that we want to travel at lighter expense that we check on economy hotels promotions so at least, we can even from travel expenses.