Trends
UK: consumer spending falls by 13.8%
Figures refer to the month of February as lockdown continued. Spending on essential items grew by 5.3% year-on-year as online grocery shopping surged and on non-essentials dropped by 22.1% with much of the high-street remained closed
Growing secondhand market to currently be worth 30-40 billion US dollars
According to a report by the Boston Consulting Group and Vestiaire Collective, the global secondhand market is predicted to have a compound annual growth rate (CAGR) of 15% to 20% over the next five years
Travel industry sales to reach 3 trillion US dollars
According to new research released by the global market research company Euromonitor International, the global travel industry is expected to reach close to 3 trillion US dollars and grow by 3.3% by 2024- 1
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