Any one will know that the sterling has now fallen from $2 against the dollar to $1.40. Certain traditional British products have great demand overseas. One of such products is British gentlemen’s clothes and accessories. Bond Street, Jermyn Street and Savile Row have a large proportion of their regular clientele from America and Japan. Of late the strong pound was starting to seriously harm the competitiveness of the men’s clothing and accessories businesses in the UK.
If we compare the prices of some luxury products available in Britain today in USD pre and post the fall in value of the Sterling.
| |
2008 |
2009 |
Savings |
| Ede&Ravenscroft - Bespoke Suits |
$4,444 |
$3,080 |
$1,364 |
| Swayne Adeney Brigg - Umbrella |
$424 |
$294 |
$130 |
| Dent&Co - Parliament Watch |
$24,240 |
$16,800 |
$7,440 |
| Simon Carter - Cufflinks |
$91 |
$63 |
$28 |
Green and Jack's - Bespoke Shirts
|
$160 |
$111 |
$49 |
| Hackett - Rugby Shirts |
$141 |
$98 |
$43 |
| Church’s - Shoes |
$606 |
$420 |
$186 |
Manisha Solanki, Marketing Executive at Green and Jack’s Bespoke Shirt Maker says There has to be a silver lining in any cloud. We are seeing more clients visiting us from overseas and especially America. In 2009 we expect a significant proportion of our bespoke shirts and men’s accessories to be sold in the USA.
Financial experts in the UK hope that the weak sterling although a sign of a struggling economy will in the short term help to boost British exports in turn strengthening the Sterling again in the medium to longer term.
About Green and Jack's Bespoke Shirt Maker
Green and Jack's is a bespoke shirt maker based in London, United Kingdom. Green and Jack's combine traditional hand tailoring techniques with three easy step ordering process to create high quality bespoke shirts for a global client base.
Visit the Green and Jack's online store to purchase bespoke shirts from £79 plus free shipping within the UK or £5 delivery to the USA and Western Europe.
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