- 60% US consumers plan to spend on luxury clothing; 36% on shoes
- Around 62 per cent of US-based consumers surveyed in January 2023 plan to spend the same or more on luxury compared to the last three months. Respondents with an income of over $200K plan to prioritise spending on clothing after travel, events, and activities. Sixty per cent said they were buying
- Mar 22, 2023
- Online sales of luxury goods in China exceeded 200 billion yuan
- Recently, Yaok Institute , a professional research and consultancy institution in China's high-end consumption field, released the 2022 China Luxury Report, which is the 13th consecutive year that Yaok Institute released the report.
- Mar 22, 2023
- China's apparel exports to UAE slip to $2.627 bn in 2022
- China’s apparel exports to United Arab Emirates (UAE) slipped to $2.627 billion during 2022. The country exported apparel worth $2.810 billion in the preceding year. The outbound trade was hit during the COVID year 2020, but the exports bounced back the very next year. China is a leading s
- Mar 22, 2023
- BTMA welcomes digital dyeing and finishing pioneer Alchemie
- Alchemie Technology is the latest fast-rising company to join the British Textile Machinery Association (BTMA), as all of the organisation’s members gear up to showcase an array of new innovations at ITMA 2023 in Milan from June 8-14 this year. Cambridge-headquartered Alch
- Mar 22, 2023
- Vietnam's trade with 11 Asian markets will grow to $465 billion by 2030
- According to an industry study released by UPS, by 2030, the trade volume between Vietnam and 11 major Asian markets may greatly increase from the current $326 billion to $465 billion. According to the report, Australia, China, Hong Kong, Indonesia, Japan, Malaysia, the P
- Mar 22, 2023
- Global economic slowdown to affect Indian textile & apparel industry
- India's textile and apparel industry is facing a severe blow due to the global economic slowdown and declining global trade. The industry heavily relies on developed economies such as the US and European Union (EU) markets, and the decline in exports to these regions has been consistent since
- Mar 21, 2023
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