While the retail sector in most countries is still struggling with COVID-19 induced challenges, the US retail has been quick to recover with analysts expecting its 2021 growth to surpass 2020 levels. However, the sector is unlikely to achieve 2019 growth levels and witness a 7 to 12 per cent fall in sales, sa... Read more
Amongst other disruptions COVID-19 has also sparked consumers’ interest in pre-owned or vintage clothing. More people are opting for secondhand clothes now, says Sarah Willersdorf, Managing Director and Partner, Boston Consulting Group. She expects the percentage of secondhand clothes in a person’s wardrobe... Read more
Brexit has not just changed the way fashion business operates but also brought certain discrepancies in apparel pricing across the EU and UK regions. As per a report by the Edited, tops and outerwear are being sold in the same price range in the EU and UK. However, prices of footwear and bottoms in these two ... Read more
Fitting room closures due to the pandemic has left most shoppers guessing the size of their garments, spiking rate of garment returns. To help these shoppers find their right fit, a number of new fit-tech startups are emerging.
Artificial intelligence at stores
FitMatch one such startup, opened a first-of-i... Read more
Like all other markets, the luxury fashion rental market too is bearing the brunt of recurrent COVID-induced lockdowns. As per Money Control, almost 80 per cent property owners in Indian high streets have witnessed 14 per cent decline in their rents. One of these prominent high streets is New Delhi’s Kh... Read more