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.
The country’s retail sales increased 12.9 percent year-on-year in May, thanks in large part to its ongoing Covid-19 vaccination program, which has now inoculated around 30 percent of its population with a first dose, Korea Biz Wire reports.
The total sales of 25 top online and offline retailers hit 13.1 trillion won ($11.6 billion) in May, official data reveals. Offline sales were up 8.8 percent from last year, with department stores reaping the rewards of a return to physical shopping; sales surged 19.1 percent in May, due in part to strong demand for luxury goods.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
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.