The global Apparel and Footwear industry remains strong posting over 4% value growth in 2015, slightly up from previous year. US, China and India contributed to more than half the absolute value gained. The strengthening of the US$ heavily impacted big operators, especially those with considerable production outsourced. Consumers continued favouring affordable and fashion-driven clothing and footwear, which led to further average unit price declines.
The outlook for world duty-free looks rosy, as pent-up demand and the recent reopening of China are powering tourism recovery, despite the headwinds caused by…
View ReportThe global luxury goods industry is witnessing a recovery, and is expected to reach pre-pandemic levels in 2023. Gulf Council Countries like Saudi Arabia and…
View ReportPersonal accessories sales growth slowed in 2022, due to a high inflation environment, continuing COVID-19 restrictions in China, and the impact of the war in…
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