The digital disruptor segment of India's fashion and lifestyle market will grow rapidly in the coming years. The market itself is expected to grow to approximately $35 billion by financial year 2028 at a 25% CAGR, says a Bain & Co report.
Despite challenges like short product lifetimes, long manufacturing lead times and constant innovation of fashion products, fine-grained social media information can enable efficiency and increase revenue, says a new study.
For several hundred years, fashion has taken itself way too seriously. A cleansing fire of young, creative people is exactly what is needed right now. We should all take a page out their book and find joy in dressing in whatever we want.
Consumption of slow fashion is positively linked to wellbeing, while the opposite was found for fast fashion buyers. Also, fashion items that consumers typically spend a lot of money on do not necessarily make them happier, nor do they contribute to their sense of achievement, meaning and engagement.
Shopping and purchasing trends among global fashion consumers are set to move sharply towards favouring more sustainable practices in the coming years, creating important new opportunities as well as challenges for fashion brands. New research by Bain & Company and the WWF Italy also finds there are five types of global fashion consumers who will be determining the course of things.
PARIS, June 30: The luxury industry has shown resilience with a return to pre-COVID performance levels and an estimated sector growth of more than 6% between 2022 and 2026. Now more than ever, the industry is facing paradigm shifts in all areas: production and resources, life cycle, customer relationships, corporate responsibility, and...
LOS ANGELES, U.S.: Sixty-six percent of Americans believe the worst part of the shopping experience is going through the return process, according to a survey commissioned by Slickdeals, the only shopping platform powered by millions of avid shoppers.
The survey of 2,000 U.S. adults, commissioned by Slickdeals and conducted by OnePoll, found that...
LONDON, UkK.: Consumers globally are preparing to hunker down for a long financial squeeze, as the increasing cost of living and geopolitical uncertainties push them to seek financial control amid low economic confidence, according to the latest EY Future Consumer Index (FCI).
The 10th edition of the global research of 18,000 consumers, conducted...
BOSTON, US: What do Crocs, Columbia, Nike and Dr. Martens have in common? These classic brands are among the top choices for clothing and shoes for Gen Z (people between the ages of 9 and 24), according to a new survey by global strategy consultancy L.E.K. Consulting.
"As Gen Z continues to age into greater spending power coupled with its fashion...
LOS ANGELES, U.S.: Sixty-four percent of U.S. adults report an increase in their impulse spending in 2022, according to an annual survey commissioned by Slickdeals, the only shopping platform powered by millions of avid shoppers. Three in four (73%) respondents said most of their purchases tend to be spontaneous — a large jump from 59% who held the...