From Moody’s Investors Service it is explained that the profitability of many traditional retailers is under pressure while they reduce prices to stop the sales volume drop.
Markets
Last bastion of BRIC has closed six weeks of polls to choose the new country’s president, which result will be announced the following Thursday, after the count.
Its 26 dollars monthly salary turns the country into one of the most competitive ones for clothing manufactures, but when is starting to awake interest within the retail’s giants, Ethiopia need to choose its industrial model.
The economy of Eurozone countries doubled its expansion rate regarding the last semester of 2018, when it increased a 0.2%. The growth was of a 0.5% in the whole European Union.
Within the 6% of global productive activity, it is the seventh bigger manufacture sector, being ahead from wood and paper, the pharma and the plastic, according to Euromonitor International.
The company, in charge of e-commerce platforms Dafiti, Zalora, Lamoda and The Iconic and owned by Rocket Internet and Kinnevik, has registered a turnover of 261 million euros in the first three months of the annual exercise.
The United States will continue to be the world’s biggest exporter of this raw material in the ongoing campaign although the Asian giant has kept tariff rates of 25% on its imports from July 2018.
Births will be stagnated in the coming decades at the same time that life expectancy will grow: the average age of the population, which currently is 30 years old, will stand at 41 at the end of the century.
In three years, the Vietnamese Government approved three wage rises: 7.3% in 2017, 6.5% in 2018 and 5.3% in 2019, according to a report prepared by the Fair Labor Association.
Once one of the PIGs, it led a recovery described by the experts as astonishing and is today the fastest growing economy in the euro area.
Yesterday the Council of Fashion Designers of America (CFDA) named Tom Ford its new president. Ford replaces Diane von Fustenberg’s position, who took over the presidency in 2006.
Tom Ford will take office next June at the request of all designer and will replace Diane von Fustenberg, who held the post since 2006.
The region, which was rapidly transformed in the 1990s, has slowed down its economic development in recent years.
The continent faces this year three litmus tests: elections to the European Parliament, Brexit (for now without an agreement) and downturn.
February registered the weakest figures of the last five years, and it was the fifteenth consecutive month with a downward trend, according to Springboard.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.