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 Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
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.