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.
Retail sales in Indonesia expanded for the first time in 17 months in April, rising 15.6 percent year-on-year, compared with a 14.6 percent fall a month earlier, according to a central bank survey released on Thursday.
The increase represents the highest growth since 2016 on a low base effect as sales were hit in April 2020 by coronavirus restrictions placed on retailers to stem the spread of infections in the country.
Bank Indonesia said rising purchases during Ramadan also boosted April’s numbers and predicted a 12.9 percent rise for retail sales in May.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.