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.
March sales were up for the second month in a row following a year-long decline, The Straits Times reports.
Watches and jewellery saw the strongest rebound across segments, with sales increasing 60.2 percent; apparel and footwear followed with a 35.6 percent boost. Of the month’s total retail sales estimated at $3.5 billion, around 11.8 percent was spent online.
However, whether this rebound will continue is uncertain. Just this week, an uptick in Covid-19 cases pushed authorities to reintroduce tighter measures for about three weeks beginning May 8.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.
Spurred by rapid growth in the pure luxury market, global brands operating in lower-priced segments like contemporary fashion are entering the country or accelerating expansion plans.
This week’s round-up of global markets fashion business news also features India’s textile industry, Chinese beauty major Yatsen and Ghana’s newest garment factory.