StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

Effect of the credit crunch on the fashion industry - Essay Example

Summary
This rationale will discuss and analyze one of the critical issues that are being faced by the fashion industry since few years, as well as, some of the impact of such issue will be discussed in this paper. Specifically, fashion industry is confronting a serious issue of credit…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Effect of the credit crunch on the fashion industry
Read Text Preview

Extract of sample "Effect of the credit crunch on the fashion industry"

Download file to see previous pages

(Han, pp. 44-45, 2003) Moreover, it is indicated that the fashion industry is one of the foremost industries that are affected by credit crunch because of its luxurious nature of offering. (Buono, pp. 56-57, 2004) The fashion industry is affected by the credit crunch in terms of modification in buying styles of consumers, as a significant change has been observed in their styles. High quality fashion clothing is still being bought by the buyers; however, they are choosing the styles that will last for years. (Bos, pp. 63-64, 2000) More than twenty percent of increment is observed in the filing of administration by clothing and fashion retailers in the United Kingdom, which is a significant impact of the credit crunch.

(Manlow, pp. 23-25, 2007) Furthermore, debt restructuring is often a difficult process due to high costs related to financing from banks, which increases the extent of impact faced by struggling fashion retailers. Further research in the future will facilitate in effective confrontation of similar issues. It is hoped that the rationale will be beneficial for better understanding of the

...Download file to see next pages Read More

CHECK THESE SAMPLES OF Effect of the credit crunch on the fashion industry

How to Deal with a Credit Crunch

When something new gets into the market, the malls want to assure the clients that they have the fastest sense of the fashion industry or are aware of their changing needs and have sought products that fit their tastes.... During the recent financial crisis, so many people suffered from the credit crunch.... Module Credit Crunch: How to Deal with It During the recent financial crisis, there were so many people who suffered from the credit crunch....
11 Pages (2750 words) Essay

High Fashion Styling

With these report, enthusiasts may reach the highest level in the fashion industry.... With these report, enthusiasts may reach the highest level in the fashion industry.... Regarding the fashion industry, the book is an apogee of a collection of photos that exhibit an artist's finest works (DeJean, 2005).... The glamour of the fashion industry has attracted a lot of young people.... This paper analyzes How to Become a Stylist in fashion industry....
17 Pages (4250 words) Research Paper

PESTEL analysis for Bank Barclays

4 Pages (1000 words) Essay

Credit Crunch Effects on a Decision-Making Process

the credit crunch is traditionally defined as an excess demand for credit under prevailing interest rates.... Taking the Asian example, in the years succeeding 1997, both the demand and supply were determined to have been affected by the credit crunch.... n order to study the causes of credit crunch, Clair and Tucker (1993) focus on the Texas banking industry and the credit crunch phase of seven years starting 1986.... In Texas, the regulatory burden not only contributed to the credit crunch by imposing a cost on banks, but also discouraged lending by imposing higher cost on lending than on investing in securities (Clair and Tucker, 1993). ...
11 Pages (2750 words) Term Paper

The Recession in the Fashion Industry

This paper "The Recession in the fashion industry" discusses fashion as a vulnerable industry when recession evolves in the economy because consumers can easily cut down the purchase of luxury products to manage their budgets instead of compromising on basic requirements like housing and food.... The global meltdown has not spared the fashion industry also in any way.... the fashion industry together with other textile products industry has undergone a downturn due to financial adversity....
8 Pages (2000 words) Case Study

Mod Culture and Fashion

In 1966 she received her Order of the British Empire (OBE) for her contribution to the fashion industry.... As the Mods strongly influenced the fashion in London, 1960s fashion in general set the mode for the rest of the century as it became marketed to young people, who, at the time, were gaining tremendous influence in affecting everything from clothes to the media, particularly the lifestyle of Mods as popularly reflected in their music and fashions.... he irrepressible Rudi Gernreich, like Quant, was a free spirit in the fashion world, and although a more high-priced designer like Quant, consistent with Mod design used simple lines and youthful styles in that mode....
11 Pages (2750 words) Research Paper

Assessing the Damage in Italy

While the MNCs are publicly giving the Italian government their confidence in resolution of the crisis, the credit crunch has forced them to make some cuts in operation costs in order to remain competitive.... Some of the MNCs relying on foreign funding have encountered operative difficulties with the total number of projects, which are foreign funded dropping visibly because of the ripple effect of the financial crisis.... taly was adversely affected by the valuation of the Euro after the international credit crunch....
7 Pages (1750 words) Case Study

Effect of Expansion into Logistics by Liners on Competition in the Shipping Industry

ong, R, 2012, Surviving the credit crunch- Bank debt deal of the year.... The effect of the current European crisis has ramifications across the globe as shown below.... ccording to Lloyds List Report, it is expected that there will be a crunch on syndicated loans in 2012.... It also explores an indication by Lloyds List Report that these companies will experience imminent credit crunch in 2012.... Specifically, this is with reference to the European loan markets where the banks are having a credit crunch....
10 Pages (2500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us