From incorporating low-carbon fibres into the manufacturing process, to responsible sourcing, to labelling and marketing claims, and to giving back to production hubs, personal accessories has major challenges ahead as sustainability takes centre stage globally.
The world continues to be a challenging place in 2023. Just as we thought it was safe to re-engage after the pandemic, the global economy started to look fragile again. In this video Fflur Roberts and Marguerite LeRolland, Euromonitor’s respective Heads of Luxury Goods and Fashion, discuss what they think will be the most impactful trends in the year ahead. How is the industry adapting to new retail preferences as our new lifestyles and working habits take form? What value propositions are consumers looking for in an inflationary environment and a cost-of-living crisis where spending is being squeezed. With the growing urgency in sustainability, what new business models are we likely to see filtering through?
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.
Jewellery and Watch Show has successfully showcased the elegance of the jewellery industry, making Abu Dhabi the region's destination for thousands of travelling jewellery and watch designers, suppliers, manufacturers, and wholesalers.
Learn about the newest luxury market trends, presented by the most prestigious speakers of the industry. LuxuryLab Global is the best opportunity to connect with the most relevant and important professionals in the luxury market.
鞋服是受疫情影响最严重的行业之一,但就在该行业以超预期的速度复苏时,却遇上了诸多动荡,包括充满不确定性的乌克兰危机和飞速增长的通胀率。这不仅意味着生产成本的上升,供应链进一步陷入困境,还会面临消费者支出的减少。 在如此挑战的背景下,时尚行业正加速转型,以适应疫情后的新世界,本文将探讨这些变化对该行业长期而言将意味着什么。
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 hospitality sector is being transformed as a result of the global pandemic, with consumers expecting heightened cleanliness and safety measures, purpose-driven services and products, bespoke experiences and more responsible business operations supportive of social and environmental causes.
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.