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.
Local streetwear brands, festivals and stores selling major global labels remain relatively small but the country’s community of hypebeasts and sneakerheads is growing fast.
This week’s round-up of global markets fashion business news also features Senegalese investors, an Indian menswear giant and workers’ rights in Myanmar.
Though e-commerce reshaped retailing in the US and Europe even before the pandemic, a confluence of economic, financial and logistical circumstances kept the South American nation insulated from the trend until later.
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.