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 county’s post-pandemic economic recovery was reflected by both online and offline sales last month, The Korea Herald reports.
Data published Thursday by the Ministry of Trade, Industry and Energy showed that the total sales of Korea’s top 25 online and offline retailers reached 12.3 trillion won ($11 billion) in April, up from 10.8 trillion won during the same period last year.
Offline sales increased 11.2 percent year-on-year. Demand for luxury proving especially strong due to continued global travel restrictions: sales soared 57.5 percent compared to last April and department stores sales jump 34.5 percent.
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.