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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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.