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.
Major shopping events like Singles’ Day and Black Friday gave Singapore’s retail sector a pick-me-up last November, but sales declined again in December, the Straits Times reported.
Retail sales fell 3.6 percent year-on-year, after a revised 1.7 percent decline in November. The lack of tourist flows continued to hit the likes of department stores and cosmetics brands, which saw between 22.8 and 35.4 percent declines and are among the categories hit hardest by the pandemic.
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.