Fashion
Higher festive spend is due to inflation, clothing among first to be cut for budgeters – Deloitte survey
Published
December 15, 2025
On the face of it, around a third of UK consumers planning to spend more this Christmas can only be positive, right? Alas, many are blaming higher prices for the decision, according to new Deloitte research.
If it’s any consolation, this is higher than the rest of Europe, where just 23% plan to spend more. And at least in the UK, consumers aged 18-34 are nearly twice as likely to spend more this Christmas compared with older age groups while almost half (44%) agree they have enough money “to create a joyful Christmas for themselves and their family this year”.
And while a third of those spending more are blaming higher prices, 23% say it’s a deliberate choice to allocate more budget to Christmas while 20% say they’re spending more because their financial situation has improved.
On the downside, 18% of UK consumers plan to spend less this Christmas compared with last year with around half (48%) blaming the cost of living, while 37% say it is because their financial situation has worsened.
Unfortunately, when asked about what they will cut back on if budgets becomes too constrained, the top things consumers stated were “experiences (restaurants or attending events)… and clothing. At least fewer are likely to cut back on gift vouchers, it noted.
Cande Cooper, retail partner at Deloitte UK, said: “While there is a strong desire among many UK consumers to create and spread joy this Christmas, shoppers are demonstrating a pragmatic approach, carefully balancing their budgets with their festive aspirations.
“High costs continue to squeeze many consumers’ spend, and so retailers will look to target consumers with promotions, whilst also catering to those looking for quality products and shopping experiences. Retailers should also take note of evolving consumer behaviours, particularly the increasing influence and adoption of GenAI in the shopping process.”
Copyright © 2025 FashionNetwork.com All rights reserved.
Combining Treasury Department data on the amount of tariff revenue collected across the first ten months of Trump’s term (February-November 2025) with independent private sector estimates of the per cent of each tariff dollar that is paid by American consumers, the Committee found that American consumers paid in total nearly $160 billion in tariff costs during the period.
American families have already paid nearly $1,200 each in tariff costs since President Donald Trump took office, according to estimates presented in a new report by the Joint Economic Committee (JEC)-Minority.
If monthly tariff costs remain as high as they were in November over the next 12 months, families will pay an average of $2,100 per year due to tariffs, it noted.
“While President Trump promised that he would lower costs, this report shows that his tariffs have done nothing but drive prices even higher for families,” said Senator Maggie Hassan, ranking member of the Committee.
“At a time when both parties should be working together to lower costs, the President’s tax on American families is simply making things more expensive,” he noted in a release.
This tax on American consumers is already creating significant challenges for families, and studies suggest that families will pay an even greater share of tariff costs in the future, the report found.
If monthly tariff costs remain as high as they were in November over the next 12 months, families will pay an average of $2,100 per year due to tariffs, it added.
Fibre2Fashion News Desk (DS)
Published
December 18, 2025
Acne Studios has opened its first standalone store in Thailand, opting for the Asian nation’s capital, Bangkok, to make its debut.
Located inside the city’s Siam Paragon shopping mall, nestled in the Siam shopping district, the new Acne Studios Bangkok store was conceived by the Swedish luxury fashion brand’s creative director Jonny Johansson and Swedish architecture studio, Halleroed.
Washed in the Stockholm-based brand’s signature light pink hue, the new store’s facade features pink granite, which extends to the interior flooring and a series of monolithic pillars, with matte plaster walls.
The minimalist space is punctuated by furnishings and fixtures by longtime collaborators, including seating by British furniture designer Max Lamb, alongside geometric stainless steel, including a metal payment desk, and strip lighting by the French artist, Benoit Lalloz.
“Together, this dialogue between materials, furnishings and lighting reaches what Johansson and Halleroed call an ‘unexpected harmony’ – a reflection of Acne Studios’ collections, which are rooted in ideas
of juxtaposition, creativity and play,” said the brand in a press release.
Inside, local shoppers will find Acne Studios Fall/Winter 25 looks from the men’s and women’s collections alongside shoes and accessories, and the brand’s new Camero bag.
To celebrate the opening, a limited-edition Acne Studios Loves Bangkok T-shirt will be available alongside a series of early Trompe L’œil drops.
The new Bangkok store opening comes on the back of Acnes Studios’ opening in Aoyama, Tokyo, strengthening the firm’s presence across the Asia-Pacific region.
Copyright © 2025 FashionNetwork.com All rights reserved.
By
Reuters
Published
December 17, 2025
LVMH CEO Bernard Arnault said he was hoping he would be able to make another ten years when asked about his succession plans for the world’s biggest luxury group.
“Talk to me again in 10 years, I can give you a more precise answer,” Arnault, 76, told broadcaster CNBC in an interview, referring to his latest mandate extension, approved by shareholders earlier this year.
“I hope … that I will make these 10 years,” he said.
Commenting on the role of his five children at the family-controlled luxury giant, Arnault gave little insight on who could take over the helm.
“For getting responsibility, they have to merit the responsibility and to prove they can do it,” Arnault said.
© Thomson Reuters 2025 All rights reserved.
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