Recession and Consumer Spending Habits in the Clothing Indusrty Essay

Recession and Consumer Spending Habits in the Clothing Indusrty - Essay Example They also spend in different ways due to the recession. As borrowing becomes harder, consumers are more likely to make spending sacrifices. â€Å"People are clearly starting to get a sense that things are not as easy financially as they once were,† said Peter Ayton, Chief Statistician at Mintel. Recession not only affects how much consumers have to spend, but also how they behave. This project investigates changes in womens spending habits and examines how they will change in the future. The project considers a number of essential questions. Will womens spending behavior change when the recession ends? Or will they revert back to their old spending habits? Will consumption be back to the same level as years past? Will women spend less, delay purchases or trade down to cheaper alternatives? Economic recession can be defined as a significant decline in economic activity lasting more than a few months (NBER, 2009). The United Kingdom has been in recession since July 2008. This was prompted by many problems, including: The increased levels of unemployment and high levels of personal debt, mean consumers are feeling the squeeze. During recession it’s a normal propensity of consumers to cut down on spending and save money. The decline in consumers spending is due to decline in consumer confidence levels. The decline in confidence levels may be caused by unemployment or a financial crisis. Therefore, businesses are forced to lower their prices to attract consumers. When prices decrease, consumer spending capacity increases. In terms of profit and human capital, the recession has negatively impacted many industries. Prominent among the industries hit by the recession is the clothing industry. The UK retail clothing & footwear market was worth an estimated  £48.55bn in 2007 (Clothing HYPERLINK "http://www.researchandmarkets.com/reports/594454"&HYPERLINK "http://www.researchandmarkets.com/reports/594454"

Instrumentation paper Essay Example | Topics and Well Written Essays - 2500 words

Instrumentation paper - Essay Example This absence of national statistics for recidivism does not necessarily mean, however, that the phenomenon is non-existent and is not a concern. In fact, recidivism among juvenile offenders merits special attention considering the prevalence of drug use among offenders, regardless of whether they are adult or juvenile (Bureau of Justice Statistics, 2007; Wei, Makkai & McGregor, 2003). Further, three general trends bared by Spiess and Fallow (2006) on the drugs and crime connection sparked interest in the focus of this concept paper : (1) the prevalence of testing positively for drug use among apprehended offenders; (2) the high incidence of offenders who tested positive on drugs when their crimes were committed; and (3) addiction being a common trigger for offenders to commit crimes to in order to support their addiction. The third trend bared in the Spiess and Fallow (2006) study points to a well-established link between crime and drug use. In fact, three-quarters of crack and heroin users confessed that they commit criminal acts to sustain their addiction (Home Office, 2008). Goaded by the various accounts leading to a connection between criminality, in general, and recidivism, the intent of the proposed study is to gather research evidence on the effects of mind altering drug use and abuse to juvenile recidivism . Juvenile offenders/recidivists. Results of the study will be of greatest benefit to juvenile offenders and recidivists, by way of its contribution to the knowledge base of juvenile problems and the suggestions which will be formulated as output or recommendations of the study to assist youth offenders in realizing the importance of freedom, healthy and drug-free living, education, a personal relationship with God and acceptance back to free society. Correctional Institutions. Management and staff of correctional institutions will find significance in the proposed output of this study, as the suggestions and the new knowledge