Markets

Empty stores and pop-up ones constitute the current stage of the main commercial areas from fashion capitals such as New York, Los Angeles, Chicago or Miami.

The Luxury goods worldwide market study carried out by Bain&Co and Altagamma expects the market to continue to increase an annual 5% until 2025.

The Spanish footwear company has also recently opened a store in Moscow, the fourth one in the city, an another in Seoul (South Korea). For 2019, the group is contemplating one more opening in Antwerp (Brussels).

The rent for a commercial premise in Hong Kong’s main artery ascends to 24,606 euros per square metre every year, whereas in the prime commercial axis in the United States stands at 20,733 euros per square metre a year.

Enjoying discounts, offers and getting hold of Christmas presents are the main reasons why consumers go shopping during the shopping festivity.

The Commons’ cross-party Environmental Audit Committee called upon executives from the sector regarding low-cost fashion’s environmental impact and the wages of garment workers.

“We will not see double digit growths in the sector anymore”, sentenced Joëlle de Montgolfier, Bain&Company analyst in the regions of Europe, the Middle East and Africa.

The Japanese giant of cosmetics has finished the period with a revenue of 805.76 billion yens (6.2 billion euros). The company aims at reaching a trillion yens (7.7 billion euros) in 2020.

The sector contracts business in the euro zone one more time after revenue went up in August, when sales raised a 1.1% after three months of decreases, according to Eurostat.

The African country is earning its position as global fashion’s future sourcing pole due to the proximity to Europe and low working costs.

The International Cotton Advisory Committee predicts a contraction of cotton reserves in 6.6% during 2019, at the same time as the demand of this fibre increases.

Since the 1st of November, some textile products imported from India which had zero tariffs back then will now have to pay taxes to enter the United States market.

A European Commission research team has travelled to the Asiatic country to begin a work of evaluation of the situation to decide on the exit of the country from the Generalized System of Preferences (GSP).

Asia, Africa and Latin America already own the biggest number of urban concentrations in the world and brace this leadership for future years, according to the report by Euromonitor.

Representatives of twelve countries and the European Union gathered in Ottawa (Canada) and agreed to carry out some reforms to strengthen the world trade system after trade policies taken by the United States.

Inditex, H&M, PVH and the rest of the twenty companies that are part of the Action, Collaboration, Transformation (ACT) initiative have teamed up with the global trade union to try to implement a fairer salary policy among industry workers.

A new report elaborated by Modaes.es and supported by Tendam Group and Spain’s Enterprise Institute analyses unveils the top 100 most attractive cities for retail companies.

The industry will undergo a transformation process in coming years, due to Asia’s production costs’ increase and the need to gain speed to obtain an additional competitive advantage.

The European Commission has initiated the process to withdraw the access of the Asian country to the trade preference program Everything but Arms (EBA), but the final approval of member countries still misses.

In the last edition of the World Economic Outlook report, the authority warns of dangers for mature economies such as the slower growth of labour force due to population aging or the end of fiscal stimuli in the United States.

Representatives of textile industry workers in the country have started to contact big fashion retailers with local manufacturing sites to seek out supports for a Bangladesh Accord-like agreement.

The South American country, with just 3.4 million inhabitants, has turned into the latest territory conquered by the Swedish group, which recently opened in Montevideo its first store in the Uruguayan market.

In 2017, Spanish fashion groups were valued at about 6.6 times Ebitda, compared to a multiple of 9.7x in the previous year.

The country, second largest manufacturer of shoes worldwide behind China, has lifted import tariffs on this product from 20% to 25%. The decision also affects taxes on precious stones and fuel.

The Mexican fashion industry will be one of the least affected sectors of the Mexican economy in the new United States, Mexico and Canada Agreement (Usmca).

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Modaes Global - Markets | Macroeconomic news related to the fashion business. All the news of macroeconomic indicators of the textile and fashion industry. - Modaes Global.

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