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GlobalData’s Key Trends in the Global Apparel Market webinar will look at the latest apparel market forecasts for 2023 and beyond, alongside the key trends shaping the market, including consumer purchase drivers, resale & rental, sportswear, and instore versus digital initiatives.

The session, which takes place at 3pm BST/10am EST on Thursday 27 July, will delve into GlobalData’s recent finding that three quarters (76%) of consumers looking to save money as a result of rising inflation have turned to second-hand apparel versus 37% that are looking to be more sustainable.

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Plus, it will explore the factors behind the slowdown experienced by some online fashion retailers such as Boohoo and Asos and how it relates to the resurgence of physical shopping.

In its full-year results announcement, Boohoo Group announced a pre-tax loss of £90bn ($115.44bn).

While Asos’ sales slipped 10.9% on a reported basis to £858.9m ($1.087bn) during its latest third quarter.

Both pointed to inflationary pressures and the impact it was having on consumer spend.

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In an exclusive roundtable last year hosted by Just Style as part of GlobalData’s Apparel Conference, experts said rising inflation was also testing partnerships between brands and suppliers.

The conference, which covered a range of topics including the impact of the Russia-Ukraine war, natural disasters on the supply chain and the future of sustainability, armed apparel brands and retailers with the knowledge they need to navigate the future in a similar breadth to the upcoming webinar.

“The webinar, which fashion brands and retailers as well as manufacturers, suppliers and their marketing teams will benefit significantly from, will highlight some key initiatives from brands to drive engagements, such as modernising key flagships and opening experiential pop-up stores,” said Louise Deglise-Favre, apparel analyst at GlobalData. It is a must-attend for any fashion business looking to secure profitability in the future and guarantee long-term success.

Webinar registration is available now.

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