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Shoppers shun new suits as nation stays out of the office during lockdown

Evening Standard logo Evening Standard 13/01/2021 Abbianca Makoni

Only one in 20 are looking to buy handbags over the next 12 months, a survey has found.

Just six per cent would spend on watches while the same amount are in the market for a suit as people get used to home working during the pandemic, says a survey of 2,000 consumers from Brightpearl, which provides digital operations solutions for some of the world’s biggest retail brands.

The survey found luxury spending could fall by 24 per cent in 2021.

Brightpearl chief executive Derek O’Carroll said: “As people continue to tighten their belts, and with the knowledge that many major events are likely to be cancelled again this year, it seems people will be shying away from splashing out on a pair of premium boots or a handbag that they aren’t sure they’ll be able to take out to show.”

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