28 August 2023
28 August 2023
A report by GlobalData on global trends in the niche clothing sector suggests extending sizing across core ranges is preferable for shoppers, with 73.8% citing it would give them "greater choice."
With AI becoming virtually impossible to ignore, more major names in fashion are harnessing the technology to drive efficiencies in their supply chains and to enhance the customer experience.
H&M Group’s decision to reopen its stores in Ukraine after a temporary hiatus that began on 24 February 2022, has been deemed a “sensible” decision by industry onlookers.
US-headquartered omnichannel retailer Macy's Inc chairman and CEO Jeff Gennette shares a cautious outlook for the company as it reports Q2 figures, saying the customer base is conscious of spending amid macroeconomic pressures.
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Per latest GlobalData estimates, the global duty-free market retailing market was valued at $49 billion in 2022, its highest level ever as it bounced back from the pandemic impact, and is expected to grow at a CAGR of more than 28% during the period 2020-2026, driven by government initiatives, rising passenger numbers, major global events (for instance global sporting tournaments) and the renewed popularity of cruise trips. Infrastructure investments will also play an important role, particularly airport expansion and space refurbishment, and investments in arrivals duty-free formats.
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