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Daily Newsletter

31 August 2023

Daily Newsletter

31 August 2023

Beyond the hype: Can AI really stop fashion brands overproducing clothes?

In an exclusive interview with the CEO of fashion software company Stylumia, Just Style uncovers whether artificial intelligence (AI) can solve fashion’s overproduction problem and be a key money-making opportunity for both fashion brands and manufacturers.

Laura Husband August 31 2023

Stylumia CEO Ganesh Subramanian questions whether we should use AI because it’s a trend or because it can solve a problem that other technologies can’t. Credit: Stylumia.

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APAC duty-free market expected to grow fastest, fueled by rising income levels and international travelers

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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