Daily Newsletter

28 October 2024

Share with colleague
Subscribe

Daily Newsletter

28 October 2024

Share with colleague
Subscribe

In data: China’s online shopping boom, e-commerce market hits $2.2tn

GlobalData’s analytics revealed that China’s e-commerce market registered 11.9% growth in 2023 to reach CNY15.4trn ($2.2tn), as consumers increasingly preferred online purchases.

Shemona Safaya October 28 2024

China’s e-commerce market is forecasted to grow to reach CNY25.4trn ($3.6trn) in 2028, driven by the ongoing shift in consumer preference from offline to online shopping, reports GlobalData. Credit: Getty Images

Subscribe to Just Style for just £1 for 1 month

Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.

As a trusted provider of data and insights, Just Style collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the apparel industry’s trajectory and the priorities shaping the profession.

Ready to stay informed?

Subscribe to unlock exclusive content.

Already a subscriber? Sign in to access your account.

Pleasecomplete this form to request more information, and a representative will be in touch shortly.

Latest news

Week in review: Will India benefit most from Bangladesh’s BGMEA woes?

India saw its US apparel exports climb in August and with Bangladesh's supply chain losing $400m in production due to labour unrest and the BGMEA being dissolved last week, it could bag more market share over the next few months.

28 October 2024

Explainer: What Euratex’s lobbying means for EU, global apparel sector

The new EU parliament is keen to restore the apparel industry's competitiveness with its industrial deal and apparel companies are feeling a sense of urgency to prepare for new ESG regulations that will impact the global sector from 2028.

28 October 2024

Morocco apparel sector focuses on sustainability, meeting EU standards

The Moroccan clothing and textile sector is promoting itself to EU and North American buyers as well as Chinese investors as a nearsourcing hub, which guarantees sustainable and ethical practices in its production.

28 October 2024

In data: China’s online shopping boom, e-commerce market hits $2.2 trillion

GlobalData’s analytics revealed that China’s e-commerce market registered 11.9% growth in 2023 to reach CNY15.4trn ($2.2trn), as consumers increasingly preferred online purchases.

28 October 2024

Tapestry, Capri appeal FTC’s injunction, arguing merger’s competitive benefits

Luxury conglomerate Tapestry, Inc., parent company to luxury brands Coach, Kate Spade, and Stuart Weitzman, has announced its intention to appeal the US District Court decision that temporarily blocks its proposed acquisition of Capri Holdings Limited, owner of Versace, Jimmy Choo, and Michael Kors brands.

28 October 2024

SLCP updates toolkit to support HRDD in global supply chains

Social and Labor Convergence Program (SLCP)'s updated Human Rights Due Diligence (HRDD) Toolkit guides companies in implementing mandatory human rights due diligence, providing updated resources aligned with evolving global legislation.

28 October 2024

Cascale, Open Supply Hub partner for transparent, sustainable supply chains

Nonprofit Cascale (formerly the Sustainable Apparel Coalition) and supply chain mapping platform Open Supply Hub (OS Hub) have entered a strategic collaboration aimed at accelerating transparency and sustainability across global supply chains.

28 October 2024

Cybersecurity in Retail and Apparel

GlobalData's latest report offers an in-depth insight into the cybersecurity market and the impact it has on the retail and apparel industry. Additionally, it entails a deep analysis of the industry, including real-life use case studies that showcase how retail and apparel companies have incorporated cybersecurity into their operations. The report identifies the key market players and the competitive landscape of retail and apparel companies within the cybersecurity theme.