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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

Fashion Featured

Online Luxury Sales to Triple by 2025

As sales of clothing continues its shift from brick-and-mortar to online, e-sales of luxury goods are set to triple by 2025, according to a new report by global consulting firm McKinsey & Co. Currently online sales account for 14 billion euros, which is just 6 percent of the luxury market, and is expected to grow to 70 billion euros. Niche...

Fashion Featured

Zara denies accusations of Corporate Culture Favoritism based on skin colour

London - Although Zara may be one of the world's leading fashion retailer, it does not save the Spanish chain from being heavily scrutinized on all facets. Over the past few years the retailer has been criticized for sourcing from factories which function under sweatshop conditions, flaunting designs that are racially insensitive and turning a...

RetailFeatured

Global theft costs retailers 128 billion dollars

A report that shows the global cost of shrinkage for retailers, comprising of shoplifting, employee or supplier fraud and administrative errors, has shown a loss of 128 billion dollars. The study, called the Global Retail Theft Barometer provides data to help retailers around the world benchmark their performance against averages for specific...

Fashion

Wool in the 21st century

A new report examining the use of wool in the 21st century as a key textile fibre has now been released by industry intelligence source ReportBuyer. The production of wool textiles plays an integral part in history even before fashion became a business some centuries ago. Surprisingly, wool makes up a relatively low percentage of the global...

Fashion

High net worth individuals spending patterns

London is home to the world's most ultra-high net worth individuals (UHNWI), and by ultra-high net worth we mean assets of 30 million dollars or more. In a new report commissioned by luxury estate agents Knight Frank, the world's uber rich individuals will increase 30 percent to 215,000. In terms of spending power, these individuals control more...