The Trade and Cooperation Agreement (TCA) reduced total goods exports from the UK by an estimated $34 billion, or 6.4 per cent, in 2022 due to a 13.2 per cent fall in the value of goods exported to the EU, according to the London School...
In fiscal 2025, Japan experienced a decrease in imports of clothing and accessories by 1.7 per cent, with similar declines in textile yarn and fabric. However, exports in these sectors showed growth, particularly in textile yarn and...
Cambodia’s economic growth this year is projected to reach 5.3 per cent compared to 5 per cent in 2023, driven primarily by services and goods exports, the World Bank has said. The surge in manufacturing exports—especially in garment,...
Mexico will temporarily impose a 35-per cent tariff on 138 finished textile imports to protect the domestic textile-clothing industry, economy minister Marcelo Ebrard recently said. The tariff will be imposed on products from nations...
Real US GDP increased at an annual rate of 3.1 per cent in Q3 2024, according to the third official estimate. In Q2 2024, real GDP increased by 3 per cent. The increase in real GDP primarily reflected increases in consumer spending,...
Saudi Arabia is developing 18 logistics zones near ports, with total investment worth over $2.66 billion, and plans to raise the number of such zones from 22 to 59 by 2030, minister of transport and logistics Saleh Al-Jasser told the...
In the fashion industry, seven companies delivered strong performances as of September 30, 2024, with Amazon.com and Zalando SE leading with significant sales growth. Delta Galil Industries also highlighted strong gains across all...
Vietnam's economy will be the stand out among the ASEAN-6, growing at a faster pace relative to its peers during the next few years, according to Oxford Economics, which thinks growth next year will be 6.5 per cent YoY led by...
The FTA approved by South Korea's Parliament may boost apparel imports from the Philippines, which currently holds a negligible share. In January-October 2024, South Korea imported $10.513 billion of apparel, with the Philippines...
Bangladesh’s FY25 real GDP growth is projected to slow to 3.8 per cent due to output losses caused by the last uprising, floods and tighter policies, but is likely to rebound to 6.7 per cent in FY26 as policies relax, the IMF said. FY25...
Abundant data and advanced analytics are helping brands create new models of their customers’ lifetime value. The aim is to gain better insight into which shoppers are worth investing in.
A new business-to-business podcast sharing data insights and market expertise is the latest iteration of Zalando Marketing Services’ strategy to drive shared success and inspiration for marketing professionals.
Investors are piling into the fast-growing resale space, with the European platform attracting high-profile backers like SoftBank in its latest funding round.
BoF shares advice from a former intern at Louis Vuitton, as well as insights from leaders at Central Saint Martins, the Graduate Fashion Foundation, and a former talent acquisition specialist at Gucci.
Nensi Dojaka, Supriya Lele and Harris Reed were among the upstarts that popped during London Fashion Week, but it was more experienced hands like Simone Rocha who truly triumphed.
The company best known for facial “workouts” saw its skin care business grow online during the pandemic. A new Sephora partnership aims to bring the brand to a new set of customers.
Emmy Award-winner and founder of Black Owned Everything Zerina Akers, CEO of NTWRK Aaron Levant, designer Bethany Williams and crypto artist Fewocious discuss the forces transforming the luxury product mix, from new categories to new...
The collaboration spans virtual and physical clothes, as well as a marketing campaign that will appear on billboards in cities like New York and Tokyo, as well as in Fortnite itself.
Australian swimwear brand Seafolly has fallen into administration, citing the “cripping financial impact of the Covid-19 pandemic” as a key reason for its collapse.
New Look is warning landlords that it might have to launch a pre-pack administration if they continue to block the retailer’s attempts to negotiate turnover-based rents.
Two high street giants, Next and M&S, are reportedly competing to buy the UK franchise of Victoria’s Secret. Drapers assesses the lingerie retailer’s chances of success.
Net sales at Swedish giant the H&M Group dropped by 23% to SEK83.61bn (£7.07 bn) in the six months to 31 May as coronavirus had a “significant” impact on the business.
A new wave of restructurings and acquisitions is hitting the fashion retail sector as the coronavirus support schemes are coming to an end and stores are reopening. Experts tell Drapers that retailers will need to take a holistic...
Kanye West’s Yeezy label has struck a deal with Gap to launch a collaborative apparel collection through the retailer’s stores and online in the first half of next year.
Lifestyle retailer Oliver Bonas has secured £3.5m in additional funding via the Coronavirus Business Interruption Loan Scheme (CBILS), to aid its transition from lockdown.