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Top Trends in Global Apparel and Footwear in 2024 and Beyond
Marguerite LeRolland
In 2024, global sales of apparel and footwear are set to experience moderate growth of approximately 2% in constant terms, and expected to recover to pre-pandemic levels by late 2025/early 2026. The impact of inflation remains persistent and will translate into cautious discretionary spending levels.
What do Fashion and Luxury Brands Need to Know About Gen Z?
Euromonitor International
By 2030, Generation Z and Alpha will comprise 45% of the global population, significantly shaping consumer trends. This video highlights Gen Z's tech-savvy nature, preference for personalised, digital experiences, and demand for seamless omnichannel shopping. Social consciousness and sustainability also resonate with this generation.
Top Trends Shaping Personal Accessories in 2024 and Beyond
Fatima Linares
After moderate growth in 2022, global sales of personal accessories grew more strongly in 2023; however, geopolitical issues, the cost-of-living crisis and China’s slow recovery suggest a challenging macro environment, pushing brands to navigate into uncharted waters once again in 2024.
Apparel in Sub-Saharan Africa: Navigating Challenges in Pursuit of Growth
Rubab Abdoolla
The African clothing and footwear industry, estimated at over USD30 billion is dynamic, presenting abundant opportunities for stakeholders. Moreover, it stands to gain significantly from the evolving socioeconomic landscape of the continent, primarily propelled by a substantial demographic of young, stylish, and aspirational consumers.
Unlocking the Gen Z Code to Revolutionise Jewellery Sales.
Fatima Linares
Gen Z accounted for just over 23% of the world’s population in 2023. Understanding these consumers is not an easy task, as they are significantly different to their predecessors, have contradictory attitudes, and change preferences quickly.
Coupang’s Luxury Leap: Farfetch Acquisition Fuels Retail Dominance
Lisa Hong
Coupang, a major player in South Korea’s e-commerce, has shown exceptional growth in the country and aims to fulfil its aspiration for global penetration. While its attempt to explore overseas market face challenges, Coupang persists in strategic expansions including recent Farfetch acquisitions. Through the acquisition, Coupang is accelerating its transformation from a retailer primarily focused on household essentials to a more comprehensive platform that includes luxury items.