Thursday, November 20, 2008

Housing crisis affected home fashion retail

With the economy in a recession on the way to a depression everything in
the economy has come to a hault. Consumers are not willing to buy as much as
they did in the past because of the tight money issues. Not only does this
effect the clothing aspect but the home fashion retail. Right now we are in a
housing crisis. Houses are not being sold or bought due to sticky financial
issues arrising. Without new houses people do not need to decorate therefore the
home fashion retail is plummeting. I think that the home fashion is in much more
danger than clothing because even with the recession people need clothes to
wear, however people can hold off on decorating their houses. This is not good
for the home fashion retail. Another reason why I feel the home fashion retail
is plummeting is because home fashion trends change every ten years, where as in
clothing there is a seasonal based trend. This could be another reason why the
home fashion retail segment is losing money as well. I am not looking forward to the
future and to see where the economy will lead the fashion industries.

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