Europe news and archive

From About You to Patagonia: How the fashion industry is mobilising for the European elections

From today, 6 June to 9 June, the European elections will once again take place, in which citizens of the EU countries elect the members of the European Parliament. They represent the interests of EU citizens at European level and have the task of shaping and adopting new laws in all areas of life in the European Union (EU). As such, retail...

BusinessFeatured

The retail figures of Europe's fashion industry: A deep dive into the industry's complex landscape and future trends

How is the market performing? It turns out that whether the financial outlook is positive or not has never been harder to say. A fact that the Executive Survey by McKinsey and Business of Fashion (BoF) rightly captured. According to the report, against a challenging economic backdrop, executives' views on the industry's prospects are more...

RetailFeatured

Europe's e-commerce set to soar, with fashion a top category

The European B2C market is expected to grow by 14.96 per year, and forecast to reach 1,010 billion dollars by the end of this year. New data from Research and Markets says online commerce in Europe is an attractive growth story, expected to be worth 1,565 billion dollars by 2026. The pandemic accelerated online shopping across categories, with...

Retail

Europe is seeing a boost in tax free shopping

Europe is seeing a boost in tax free shopping with a 726 percent jump in May compared to 2021. As European borders re-opened and travel without quarantine is possible, tax free shopping is rising, despite being 37 percent below 2019 levels. The figures were released in an intelligence report by Planet, a payment solutions company that offers...

Business

Euratex report: “Brexit has been a lose-lose deal for the textile industry”

The European Apparel and Textile Confederation Euratex has looked at the latest trade data from January to September 2021 and found a “dramatic drop” of imports and exports of textile goods between the EU and UK, with exports falling by 44 percent to almost 2 billion euros and exports by 22 percent, corresponding to 1.6 billion euros. This means...

Fashion Featured

UK ranks as second most artistic company in Europe, says study

The UK ranks second place in a study of Europe’s most artistic companies according to creative resource Design Bundles. In first place is The Netherlands with Latvia coming in third place in the index. The research analysed five different factors: the percentage of government spending on cultural services, the number of art schools, colleges and...

Retail

US B2B marketplace Faire expands to 15 European countries

After successfully connecting consumer brands with independent entrepreneurs in the United States and Canada for the last four years and two years, respectively, B2B marketplace Faire has expanded to Europe and is continuing its rapid growth. The marketplace started with a trial in the UK and the Netherlands at the beginning of the year,...

BusinessFeatured

European textile sector sees lack of skills as ‘number one business concern’

A widening gap of skills is the biggest concern for the European textile sector, as the industry continues to see experienced employees retire but struggles to attract new young talents, warned Euratex. To make matters worse, that shortage is poised to be aggravated by the need for workers to skill up amid digitalization, which in turn calls for...

RetailFeatured

Netherlands and Switzerland are the top online shoppers in the EU

When it comes to shopping online, the Dutch and the Swiss are European champions, according to the 2018 report on e-commerce in Europe, published today by EuroCommerce. 98 percent of Dutch and Swiss citizens said to have used the Internet in the last 12 months, out of which 82 percent have made at least one online purchase during this period....