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Daily Newsletter

07 December 2023

Daily Newsletter

07 December 2023

PDS Limited warns of ‘perfect storm’ for apparel in coming months

Pallak Seth, vice chairman at PDS Limited reveals the immediate challenges facing the fashion sector as high inflation continues to hit brands' inventory levels with many "discounting at a loss".

Rachel Lawler December 07 2023

In April 2023, PDS Limited signed a long-term deal with Authentic Brands and became a global hub for design and innovation for Ted Baker. Credit: Shutterstock.

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Womenswear set to witness rapid growth within the outdoor sportswear market

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Global menswear market dynamics

Global menswear market is expected to grow at a CAGR of more than 4% by 2027, as consumer confidence takes time to rebuild following inflationary pressures. The popularity of the resale market will also somewhat hinder menswear retail growth, as more shoppers will divert spend away from traditional retailers and brands to secondhand channels, in a bid to save money and protect the planet.

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