In its autumn budget the UK government announced that it would be re-instating VAT reclaim shopping for inbound tourists (AKA duty free), marking a U-turn as this was abolished in 2021 when the market was worth GBP3 billion, annually. Here we discuss the potential for VAT re-claim once re-instated, the wider role of shopping as a driver of tourism to the UK and how other industries may benefit, such as luxury.
Adeife Onwuzulike, Director of Diversity, Equity and Inclusion (DEI) at Euromonitor International, shares her expertise and knowledge in this area with Marguerite LeRolland, Head of Fashion and Fflur Robert, Head of Luxury at Euromonitor International and addresses questions around what’s here now and what’s to come next.
Female athletes have strong potential to connect with audiences, not only through showcasing the highest levels of skill and athleticism, but also through what they can achieve beyond the playing field.
Using Euromonitor's Top 10 Global Consumer Trends 2022 analysis as a framework, this article explores two trends driving consumer behaviour in Australia. It also highlights impacts on the apparel industry and how companies are responding to these trends.
With the recent announcement from Louis Vuitton on future price increases, Euromonitor explores the future of how we access luxury goods with COCOON founder Ceanne Fernandes -Wong, exploring luxury goods, the circular economy and insights on luxury handbag rental trends.
The apparel and footwear industry was among the worst hit by the COVID-19 pandemic, but just as recovery was taking place faster than expected, the industry is now facing more turbulences around the fast-moving uncertainty in Ukraine, galloping inflation rates, which mean rising production costs, further supply chain woes, not to mention weakened consumer spending.
The early 2020 lockdowns triggered by the pandemic exposed the existing cracks in the supply chain of the fashion industry as a result of overproduction and overdependence on vendors from few manufacturing hubs. With the pandemic creating continued uncertainty, fashion retailers will have to shift focus and introduce permanent changes to avoid business disruptions. This blog will focus on key solutions to address the supply chain disruption.
As we adapt to an increasingly digitally reliant world, this episode explores how digital innovations, shifts in target demographics, and lifestyle changes caused by the COVID-19 pandemic, are drawing fashion players to this space and highlights the challenges and opportunities facing fashion players trying to capitalise on the expansion of the metaverse and digital fashion.