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.
Sales at South Korean department stores increased 34 percent year-on-year in February, marking the largest rise since 1996, according to data from Statistics Korea as reported by The Korea Times.
The country’s retail sales index, which reflects consumption trends, also recovered to near pre-pandemic levels during February, when it stood at 115.2. In December of 2019, one month before the first case of Covid-19 was detected in Korea, that same figure was 116.2.
February was a blockbuster month for Korean department stores partly because of the Lunar New Year holiday, but also due to the opening of Hyundai Seoul, the largest department store in the capital, along with a bout of warmer weather, which lured people out of their homes.
People of Indian and Pakistani heritage are critical to the UAE’s fashion sector, leading billion-dollar retail empires, trading textiles and jewellery and stitching garments for Middle Eastern brands.
Influencer Irene Kim and V&A curator Rosalie Kim join Chanel executive Yana Peel to chart South Korea’s rise to global creative juggernaut.
BoF sits down with Zainab Abdulrazzaq, founder of 3oud.com and organiser of the Oud Fashion Talks, to discover the next steps for the event, designed to cement Kuwait’s place on the international fashion map.
The World Economic Forum in Davos, a retail convention in New York and menswear shows in Paris will command the industry’s attention. Plus, what else to watch for this week.