GlobalData Archives - Inside Retail Asia
Burberry and Tencent have forged an exclusive partnership to develop social retail in China.
Blockchain and robotics are becoming increasingly popular in the global fashion industry as brands look to increase transparency and improve efficiencies, according to GlobalData.
The recent launch of two new apparel manufacturing start-ups catering to small and medium-sized fashion businesses signals a growing demand for low minimum order quantities, says GlobalData.
Amazon’s partnership with BookMyShow in India will bring it one step closer to becoming super app, says GlobalData.
Asian deals dominated global retail acquisitions in September according to a database compiled by GlobalData.
Efforts to eliminate animal fur in fashion continue to accelerate as cities and even US states are joining brands and retailers in banning its use.
The increasing number of clothing-swap and take-back schemes being implemented by retailers could signify that a change in consumer attitudes about sustainability in fashion is finally occurring.
While the on-going US-China trade war has highlighted the need to diversify clothing and footwear sourcing, this is no easy task given China’s dominance of apparel supply chains.
Global fashion online retailer Asos has seen profits tumble 68 per cent in the year to August, despite a 13-per-cent increase in sales.
Brands and retailers need to take a look at the wider supply chain and move beyond the goods to embrace sustainable packaging, warns GlobalData.
UK fashion house Ted Baker has slumped into the red in the first half of the year, its position not helped by a 15.2-per-cent fall in sales in Asia.
The latest French Connection sales figures will do little to inspire prospective bidders as the company searches for a white knight.