INDIVIDUAL ASSIGNMENT Coursework Example | Topics and Well Written Essays - 3500 words

INDIVIDUAL ASSIGNMENT - Coursework ExampleThe UK manner industry is a $45 one thousand million pound industry which has seen accelerated growth driven by competitiveness. The industry is expected to grow at a high rate over the side by side(p) few years as consumers become more than direction conscious and as their purchasing power increases. The industry is adopting innovative techniques like digital trade with the changes in the evolving customer behaviour scenarios. The highly competitive nature of the industry is increased by the increased global expansion processes of different international fashion retail companies. The market of UK is considered as a market with high potential and has been a preferred market for different multinationals for expanding their business into. The industry is a highly concentrated sector with major influence of the large businesses in organizational terms. The sector is dominated by large international fashion retail businesses. capital of the United Kingdom is the largest contributor of revenues for the fashion retailing industry of United Kingdom. UK fashion retailing is a significant driver of the global economy.Demographic factors are major indicators of expenditure as it has been observed that expenditure decreases with the increase in age of the consumer group. It is observed that the young age group is more fashion conscious and tends to spend more on fashion retail whereas the higher age group tend to spend lesser on the fashion retail and are more focussed on spending in traditional brands. Fashion consciousness is more observed in the young age groups as well as the fashion conscious parents who buy apparels and accessories for their children (Burts and Sparks, 2003, p.4).The international trade agreements like the Economic Union Quotas Multi-fibre agreement has been incorporated to facilitate the growth of the UK fashion retailing industry. The government focuses on supporting and encouraging the growth of the industry as it is a major