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WOOL KNITWEAR SALES COULD RISE AS YOUNGER SHOPPERS SPEND MORE
Men's knitwear could be of interest to younger shoppers, who are currently spending more money on purchases, it has been discovered.
Figures from the Office for National Statistics, published on June 17th, found total sales volume in the three months to May had risen by 1.7 per cent since the same period in 2009.
A proportion of this spend may be accounted for by wool knitwear, as the statistics showed a 7.1 per cent increase in sales volumes in the textile, clothing and footwear industries.
Senior fashion analyst at Mintel Tamara Sender said young people are responsible for this boost.
"We saw … that one-in-five 16-to-24-year-olds spent more on clothes last year than they usually would – twice the average. In some ways the recession has been passing some people by," she explained.
Men's knitwear could be ideal for younger males who currently want to invest in quality clothing, as Ms Sender predicted the increased spending habits will continue this year.
Posted by Charlotte Jackson
