Economic outlook for major fashion markets is projected to remain unsettled in 2024, impacting consumer spending and confidence, as per a report.
Key themes include climate.
The global luxury market is forecast to hit €1.5 trillion in 2023, growing 8-10 per cent despite economic challenges.
Key drivers include increased spending on experiences.
The Circular Fashion Innovation Network (CFIN) has been launched by UKFT, the British Fashion Council (BFC), and UK Research and Innovation (UKRI) with a two-year goal to.
In Q1 FY24 and H1 FY23 ending between May and July this year, fashion retailers like Burberry, H&M, Tesco, Adastria and Onward Holdings witnessed a strong performance with.