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Top Trends for Personal Accessories: A Challenging Macro Environment
Fátima Linares
Global sales of personal accessories grew by a healthy 13% in 2021, indicating a rapid recovery from the COVID-19 pandemic-related losses, but continued supply chain issues and decreasing consumer confidence, will make 2023 another challenging year for the personal accessories industry.
Three Trends Driving the US Women’s Underwear Market
Jitong Li
The US women’s underwear market is relatively stable in market sizes, while there have been considerable fluctuations in market shares mainly caused by Victoria’s Secret’s unstable performance, changes in consumers’ purchase patterns, and the emergence of new players. This article discusses the recent trends in the US women’s underwear market and demonstrates the key drivers of underwear brands’ success through the lens of Savage X Fenty and Skims.
How to be a Disruptive Brand: A Focus on Renovation
Karolina Grigorijevaite
Euromonitor International’s Renovation, Innovation and Disruption framework helps businesses understand how to respond and execute change with a varying impact on their markets. Here we focus on renovation, and analyse how brands globally are turning this into an opportunity for growth.
Future-Proofing Uncertain Times: Luxury Brands Adapt to Consumers Pursuit of Value
Andres Feng
Consumers across the spectrum still want to indulge themselves, but what they are willing to spend on has shifted beyond luxury definitions, brands, and labels of the past. Luxury brands that are not diversifying their portfolios risk having to reinvent the wheel every time there is an economic crisis, whereas brands that are responding to these changes are creating loyalty across generations and driving long-term growth beyond global instability.
Duty-Free Shopping a Missed Opportunity for UK Tourism?
Alexander Göransson
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.