According to a study by consulting firm PwC presented in Florence on Monday, Italy’s fashion market is expected to be worth €81.3 billion in 2023, up from €78 billion this year, still penalised by reduced tourism.
Seasalt is preparing for a particularly strong 2022 after the contemporary lifestyle brand outperformed over Christmas. So buoyant is the retailer, it has engaged the services of PwC to advise on its strategic options.
At the event’s inaugural conference, Pascal Morand, executive president of the French Haute Couture and Fashion Federation, presented a software to measure the event's impact, and the federation’s support of new labels.
Chain store closures in the UK continued at an alarming rate in the first half of 2021, with fashion the biggest casualty. A total of 1,063 fashion stores closed in the first six months, alongside 120 department stores.
Just how tough UK retail’s pandemic mauling has been — especially for fashion — came into stark focus on July 30. More than one in seven stores are now vacant on UK high streets, retail parks and in shopping centres.
Two pieces of good news for Monday. Consumers are now the most eager they’ve been to spend in 13 years, and consumer confidence is at its strongest since the end of 2019. That’s according to PwC and Deloitte surveys.
The UK government has launched a new long-term strategy to “evolve and regenerate” England’s battered high streets. It wants to turn them into “thriving places to work, visit and live… breathing life into town centres”.
Premium trainers business The Edit LDN is targeting a £30 million valuation during 2022 after saying its sales have been rising by 60% month-on-month lately. And it’s raising new finance to expand further.