Report news and archive

Report: Handbag market to grow by 14.1 billion dollars from 2021 to 2027

Technology research and advisory company Technavio released a report on the growth of the global handbag market, pointing out its estimated increase in value by 14.11 billion US dollars from 2022 to 2027 and a CAGR of 4.3% and highlighting key findings on this development. The handbag market 2023 to 2027 is split up into three segments by...

Business

Amazon highlights ambitions on counterfeit prevention in latest report

Online retailer Amazon published its third annual Brand Protection Report last week, revealing the highest number of criminal referrals and industry partnerships than ever before, which are linked to the company’s efforts to protect customers, brands and selling partners from counterfeit products. The report highlights four main areas: robust...

Retail

Report: 88 percent of consumers want text conversations with brands

Consumers are willing to share personal information in exchange for value, resulting in a rise in popularity in interactive sms marketing, according to the annual State of Conversational Commerce Report by Attentive, a platform specialised in “business-to-consumer communication”. 8,000 consumers from the US, Canada, the UK and Australia were...

Fashion |Report Featured

Trove releases inaugural Brand Resale Index

Trove, which provides resale and trade-in services for fashion brands, has launched its inaugural Brand Resale Index evaluating resale adoption and trends across 40 brands spanning fashion/apparel, outdoor, footwear, and luxury. The Index, conducted in partnership with OSF Digital, has assessed brands on 147 different criteria across brand...

Business

Report: Clothing rental market to grow by 3 billion dollars from 2021 to 2026

Technology research and advisory company Technavio released a report on the growth of the clothing rental market, pointing out its estimated increase by 3 billion dollars from 2021 to 2026 and highlighting key findings on this development. Vendors have latched onto experiential marketing as a beneficial tool, actively involving the consumer in...

Business

Global shapewear market expected to reach 3.7 billion by 2028

The shapewear market has continued to grow over the years due to lifestyle changes and cultural impact, and, according to a report by Research and Markets, it looks as though it will only maintain the expansion. The data platform has released its Shapewear Market Size, Share and Trends Report, which estimated that the global shapewear market is...

Fashion

Post-Covid: The future of workwear and loungewear

Edited has released reports analysing the latest data for the future trends of workwear and the men's loungewear market. Is there still a demand for workwear? Overall, the women's workwear offering was down 40 percent year-over-year (YoY), however, the sell out rate was down 20 percent. This showcases that while retailers decreased inventory,...

RetailFeatured

Post-pandemic trends: shoppers favor ‘homewear’, minimalism and kindness

With Covid-19 lockdown measures easing around the world, consumer mindsets are likely to change again: the favoring of nostalgic fashion as a form of escapism, wearing face masks as fashion accessories, ‘homewear’ wardrobes, a return to minimalism and the prioritization of transparency and kindness are some of the trends that retailers can...

Business

Ireland named most likely EU country to recycle clothes

UK-based energy comparison company SaveOnEnergy has found that one positive aspect of the coronavirus pandemic is a consumer change in attitude towards old textiles and recycling clothes. In January of this year, the European countries contributing the most to textile waste were revealed, with Italy taking the lead, followed by Portugal and...

RetailFeatured

Effects of Covid-19: sustainability awareness and increasing demand for PPE

The coronavirus crisis is drawing attention to sustainable fashion, as well fueling an increasing demand for PPE. Fast fashion consumption is slowing down as UK and US mass market brands experience a decline in demand, while face masks are selling out so quickly that retailers struggle to restock. That’s according to retail data company Edited’s...

Video

Video: The State of Fashion 2019

The state of fashion for 2019, as analysed and predicted by McKinsey and the Business of Fashion. Source: Business of Fashion, McKinsey, Youtube