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Luxury and FashionOur global industry experts explore the key trends shaping consumer preferences that drive fashion and luxury, using timely insights to stay one step ahead of the latest innovations and business strategies.
Despite the ongoing economic uncertainty, global apparel market recorded robust growth at 5.8%, at fixed exchange rates. The four BRIC countries continued to outperform global average and in 2012 exceeded 26% of total sales. Western Europe continued to lag behind with a minimal 0.6% growth undermined mainly by declining sales in Greece, Italy, Portugal and Spain. In contrast, the US performed relatively healthy with sales driven by sportswear, footwear and men’s clothing categories.
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