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Daily Newsletter

28 August 2023

Daily Newsletter

28 August 2023

Fashion brands are missing the mark when it comes to niche segments

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."

Shemona Safaya August 25 2023

Adaptive clothing is a less established market, providing players with huge potential to grow. Credit: Photo by Victor VIRGILE/Gamma-Rapho via Getty Images.

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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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