News from World

tag: consumi

20 February 2023

Global consumer spends in fashion products likely to decline 41% according to PwC

In the next six months, global consumers are planning to reduce their spending in luxury or premium products across a variety of retail categories, including fashion, which is forecast to see a 41 per cent decrease in spending, according to the PwC Global Consumer Insights Survey 2023. Consumers’ behaviours, technological preferences and expectations continue to evolve. How can companies meet them where they want to be?

10 December 2022

United Kingdom, clothing and footwear in contraction

The UK clothing and footwear market is expected to contract by 3.9% next year, with volumes down by more than 10.0%, according to new research. [Clothing and footwear market set to shrink in 2023 - Drapers]

29 July 2022

LVMH slows down due to difficulties in the Chinese market

LVMH is experiencing "an excellent start to the year", said CEO Bernard Arnault on the occasion of the publication of the half-year results of the luxury French conglomerate, but @FNW_IT warns that there are difficulties in the luxury fashion, clothing and footwear sector due to China, where there are anti-Covid health restrictions and turnover has fallen by more than 10% [ LVMH ralentit sa course au premier semestre en raison de l'impact négatif de la Chine – F]

16 June 2022

USA, "Our sector" (consumption, clothing, etc...) worsens

The stock market is collapsing, inflation is rampant and scarcity is affecting supply chains, against the backdrop of Covid and the war in Ukraine. It is a terrible self-perpetuating cycle. The question for the apparel and footwear industry is: Will consumers continue to buy? Robert P. Antoshak's answer in this article (Staring at an Economic Precipice? Just Wait, It Gets Worse) in the Sourcing Journal is that for a while they will, but not for long.

29 May 2022

Plastic-eating Enzyme Could Eliminate Billions of Tons of Landfill Waste

An enzyme variant created by engineers and scientists at the University of Texas at Austin can break down plastic, in just a matter of hours or days. This discovery, published in Nature, could help solve one of the world's most pressing environmental problems: plastic waste polluting natural lands and water. The project focuses on polyethylene terephthalate (PET), a polymer found in most consumer packaging and some fibres and textiles. It makes up 12% of all global waste.

24 May 2022

Footwear prices rise due to raw materials, but consumption resumes moderately

Footwear prices will increase by an average of 8.4% in the coming months, from +9.8% in Europe to +5.7% in North America, according to the World Footwear Business Condition Survey conducted by APICCAPS, Associação Portuguesa Ind. Calçado Componentes Artigos Pele Sucedaneos. Moderate recovery in consumption: North America +2.5%, Europe +5.2%, South America +7% and Asia +8.9%

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