FASHION INDUSTRY

Fashion industry

Name of the Writer

Name of the Institution

Fashion industry

Introduction

Due to economic recession, the business environment became volatile and with an increasingly diverse needs of consumers, strong and challenging. The rising trend of unemployment, squeeze credit, falling budgets of home in United Kingdom, contribute highly in the downfall of many fashion companies resulted in financial crises. Many UK fashion companies declared their negative condition, while others are still striving to take over.

Peacocks was a fashion retail company based in Wales, UK. The chain was operates under an umbrella of Peacock Group Plc, and employed approximately 6,000 employees. They had 388 Peacock ...