European_ConsumerCompass_Q3_2023_WiP06

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Savanta Consumer Compass Europe Q3 2023 Industry Spotlight Sacrificed Sectors: Fashion 18
Savanta Consumer Compass Europe Q3 2023 More than half are cutting their fashion spending, with France and the UK cutting back most, reflecting their low confidence scores Have stopped spending on NET Spend of consumers across 59 % 10 % 46 % markets have cut down on non-essential spending to save money, with fashion suffering the most 49 % have spent less in this sector over the past 12 months. 30 % 2 % Q. Have you done any of the following in the last few months as a result of the rising inflation? | Q9_5. Fashion: How much, if at all, have you changed your spending on the following, in the past year? Base: Total (3,500) (c. 500 per market) Spending less on Spending the same on Spending more on Have never used/spent on 9 % -50 % NET % stopped spending/spending less UK France The Nordics Italy Germany Netherlands Spain 65 % 64 % 61 % 59 % 57 % 55 % 53 % 19
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