19 August 2024
19 August 2024
Virtual wardrobe apps are gaining traction with fashion consumers who want to make better use of their existing purchases for both financial and environmental reasons.
Luxury resale platform Vestiaire Collective's recent cameo appearance in the hit Netflix show Emily in Paris highlights a slice of designer fashion is within reach to everyone, but is it enough to revive the luxury market's recent decline?
UK fashion retailer Ted Baker is closing its final UK stores this week and an industry expert tells Just Style exclusively it remains to be seen whether the brand will remain as an online pureplay or disappear altogether.
UK fashion online retailer Boohoo is alleged to have withheld supplier payments on poor quality, however an analyst describes it as a 'storm in a teacup' given it is standard practice to withhold payment if a brand or fashion company is not satisfied with the quality.
While Yunus' arrival as interim leader provided some relief, the uncertainty of the next few months has shaken brands' confidence in Bangladesh.
UK retail sales in July 2024 rose 2.2% year-on-year with clothing and footwear benefitting from the return of warm and sunny weather.
Istanbul Fashion Connection (IFCO) attracted 18,000 visitors and 300 exhibitors to its sixth edition in August 2024 in Istanbul, Türkiye.
Cascale, formerly known as the Sustainable Apparel Coalition, has released a whitepaper detailing how its Higg Brand & Retail Module (BRM) can assist brands and retailers in meeting their regulatory reporting obligations under the European Union's Corporate Sustainability Reporting Directive (CSRD).
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Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies. Per our analysis, Hermes emerged as the uncontestable winner within the luxury apparel market, growing its share at an exponential rate in 2023.
Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies. Per our analysis, Hermes emerged as the uncontestable winner within the luxury apparel market, growing its share at an exponential rate in 2023.
Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies. Per our analysis, Hermes emerged as the uncontestable winner within the luxury apparel market, growing its share at an exponential rate in 2023.
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