Two stories broke last night that contradict each other. The first was the news of Harwayes, the lingerie company, which will be closing its doors after 50 years of trading. The lingerie chain is inevitably the latest victim of the recession.
The group will be closing all 23 of its stores after the rent was increased and sales went down. The combination of the two caused the company to make a decision to close down. Unfortunately, Harwayes had 120 employees across the country, many who have been there for years.
The second story that broke last night was of Lingerie sales booming despite the recession. According to industry reports, sexy underwear and lingerie are defying the recession and growing by leaps and bounds. The catch? These sales are mostly going to basically unknown or small online retailers or established and popular brand names… not brick and mortar small businesses.
One museum is taking advantage of the lingerie boom, London's Fashion and Textile Museum, has a new exhibit entitled Under-cover which will portray how lingerie uniquely has shaped and controlled women's bodies for years.
Sources: Metro Co. UK, Spalding Today
Sponsored by: Skin Tone Lingerie
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