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.
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.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.