All markets within the continent have their own particularities: from Canada, where online e-commerce is based on imports, to Mexico, where challenges like credit cards use or logistics are starting to being solved.
There is a great distance between the United Kingdom, where 78% of the total population purchases online, and Bulgaria or Romania, for instance, where the percentage stands only at 11%
The sector is in that way recovered from September’s figures, when sales dropped 7.2% according to Eurostat. In spite of that, it is still the sector that has grown less in the whole Eurozone.
The sector will obtain a revenue of 517 billion euros in 2021, according to the last report carried out by consultant EY The Luxury and Cosmetics Financial Factbook.
Buying tickets online, booking a hotel room or renting a car on the internet will be free of geographical restrictions around the whole European Union.
Fashion industry’s growth will reduce between 3.5% and 4.5% during the next years in all markets but the Asiatic one, which will continue to grow.
The Bengali government studies the reduction of origin tariffs that clothing manufacturers must pay at the time of sending it to international markets
Representatives from Marks&Spencer, Arcadia, Primark, Boohoo, Missguided and Asos were gathered yesterday at the Lower House to talk about the system’s social and environmental impact in front of the Environmental Auditing Committee.
A 76.4% of the global subsidies for crops were concentrated in China, a country which destined 4.3 billion dollars (3.78 billion euros) to help its cotton manufacturers.
Sports fashion giant Adidas, luxury companies Christian Dior and Prada, or the Swiss Swatch dedicate all of them part of their budget to research and development (R&D).
The Eurasian country is about to tread Bangladesh, which defends the second position in the ranking for Spain’s main fashion suppliers, according to the last data gathered by Icex corresponding to the first three quarters of 2018.
In 2017 in Spain, the category of clothes, accessories and sports equipment scored a number of 11.59 million buyers according to the last National Observatory of Telecommunications and of the Information Society.
The ever-lasting promise of fashion sourcing is not yet capable of gaining ground in the map of European fashion’s purchases, which have reduced a 32% in the last decade.
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.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.
