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Luxury market faces significant challenges in 2024, HSBC report reveals
Key Insights:
2024 Growth Cut: HSBC lowered luxury sector growth forecast to 2.8% from 5.5%, marking it the 6th-worst year in 20 years.
Divergent Results: Prada is expected to grow 21% in Q3 2024, while Gucci and Burberry face...
Transparency in fashion industry
Rafiad Ruhi
In recent years, the fashion industry, which is one of the most dynamic and expansive sectors in the world, has been subjected to...
Fast Fashion’s Role in Bangladesh’s Troubled Economy
Ridan Mahbub
Bangladesh is one of the global hubs of the world fast fashion industry.The products its garment factories export stock the shelves at H&M,...
Economic Zones in Vietnam
The Apparel Digest Report Compilation
Vietnam has integrated into global value chains through the establishment of special economic zones (SEZs). In a short amount of...
Labor Relations in the Garment Sector
Forrest Cookson PhD
The past month since the overthrow of the Hasina regime has seen widespread labor disturbances in the garment sector. The representatives of...
Developing a luxury apparel brand: Key strategies, case study, & market analysis
Introduction
The luxury apparel industry has always been a symbol of exclusivity, craftsmanship, and status. As global consumer preferences shift toward sustainability and individuality, the...