Halifax highlights increased spending on fashion - sportstextiles: Lea SportsTextiles

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Halifax highlights increased spending on fashion

26/10/2006

According to a report by UK bank Halifax, people in the UK spent a total of £43.7 billion on clothing and footwear in 2005, accounting for 5% of the total household disposable income spending last year. This equates to an average of £1789.93 per household across the year, or £34.42 per week.

The amount revealed by the research represents a 56% increase on ten years ago, when £28 billion, or £21.98 each week, for a typical household was spent on apparel.


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