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Window shopping becomes Windows shopping

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Online clothes shopping rises to match grocery
The instant buzz of shopping has reached a new online high for clothes purchases, as nearly 9 out of 10 UK consumers now shop for clothes on the net. 44% of Brits go online at least once a month or more to buy clothes, with a committed 3% doing this daily. This is second only to groceries (50%) in terms of the nation’s shopping habits, according to new research from Cotton Council International.

These days, 13% of the nation buys most of their clothes online – up from only 3% two years ago, with consumers moving away from chain and speciality stores (down from 43% to 31.5%). Today’s research reveals 42% of consumers now use the internet to compare products and prices across stores; a third (33%) go online to browse the latest styles.

“Our research reveals that there has been a marked uplift for people going online to research and buy clothing, but not at the expense of quality,” Stephanie Thiers-Ratcliffe, International Marketing Manager, Cotton Council International said. “This trend has seen retailers across the board take more of an interest in their online clothing offering – ensuring the customer experience, delivered both on and offline – is second to none.”

Mirroring the economic climate, only 10% of Britons bought more than GBP500 on clothes last year, with the average amount spent being only GBP230. Over half of Brits fear they have less money to spend on clothing compared to last year, making spotting a bargain more important than ever.

Nonetheless, a prevailing trait for British shoppers remains the desire for quality – with almost 60% of us preferring to spend more on better quality items, with 61% of consumers viewing ‘good quality’ clothes as those that are durable and long-lasting.

“Today’s shoppers are more vigilant than ever – thinking harder about their clothing purchases and examining what and how much they need to buy. When shoppers are spending their cash they are ensuring that they get the best value by choosing quality items,” Stephanie Thiers-Ratcliffe added.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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