The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Uruguay’s fashion exports for January fell to $2.3 million, down from $2.7 million in the same month last year, according to Fashion Network, citing data from the Uruguay XXI Institute, which tracks foreign investment and exports.
In its latest foreign trade report, the institute indicated that the fashion category (constituting clothing, footwear and other textiles segments) has started 2021 with a deceleration of 15 percent compared to January 2020. This caused the sector to slide two places in Uruguay’s export rankings, fashion is now only the 28th largest export segment for the South American country.
Brands like Dior and Valentino are banking on India’s high growth potential, but it will take more than dazzling shows and sleek stores to turn this complex market into a major revenue source.
South Korea is one of the world’s leading exporters of beauty products but the narrow definition of ‘K-beauty’ in international markets means many exciting brands in Seoul have yet to go global.
The apparel and footwear market in Colombia rebounded faster than in Brazil or Mexico, but Chile and Peru may not recover to pre-pandemic sales levels for years. Where are the region’s next growth opportunities?
An analysis of consumers in the United Arab Emirates and Saudi Arabia from BoF Insights reveals what’s at stake for both local and global brands in an industry in the midst of vast change.