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.
Retailers in the United Arab Emirates and Saudi Arabia are expecting e-commerce sales for the holy month of Ramadan, which begins today, to reach $2 billion in gross merchandise value (GMV), according to an Arabian Business report.
A new survey by RedSeer Consulting found electronics and fashion to be the categories consumers were most interested in purchasing. Around 48 percent of consumers surveyed were interested in purchasing apparel and footwear online in a festive season that is expected to remain muted compared to pre-pandemic years.
Online Ramadan sales in 2020, which fell soon after the widespread outbreak of Covid-19 in the region, jumped 80 percent, reaching an estimated $1.5 billion GMV in the UAE and Saudi Arabian markets combined, as consumers were forced to stay home due to lockdown restrictions.
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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.