INSIGHTS From January to May, China's textile, garment, and accessory exports increased by 1.36 per cent to $115.842 billion compared to the same period in 2023. Garment exports rose by 0.2 per cent, while textile exports saw a 2.6 per cent increase. In May alone, exports totalled $26.133 billion. Imports of textile yarn and fabric products also grew by 5.9 per cent.

INSIGHTS Europe's fashion firms saw mixed results in Q1 FY24. Hugo Boss saw an 11 per cent revenue surge in the Americas, while Hermès saw double-digit growth across all regions. Prada achieved 16 per cent growth in Asia Pacific and 46 per cent in Japan. Salvatore Ferragamo faced a 30.8 per cent drop in EMEA. Brunello Cucinelli reported strong growth in the Americas.

INSIGHTS The luxury goods market is facing challenges in Q1 2024, with a slight decline amid rising prices. The Bain & Company study highlights the need for luxury brands to balance catering to top clients and reaching new audiences. Japan continues to thrive, but China and the US face pressures. Brands focus on experiential offerings and strategic investments. Following a record year, the stalled luxury goods market faces a dilemma between catering to top clientele and reaching new audi

INSIGHTS Oxford Industries reported a 5 per cent YoY decrease in Q1 FY24 net sales, totalling $398 million. Full-price DTC sales dropped 3 per cent, outlet sales rose 6 per cent, and wholesale sales fell 16 per cent. The company's operating income declined to $52 million. Tommy Bahama and Lilly Pulitzer saw declines, while Johnny Was grew by 3.5 per cent. US’ Oxford Industries, the parent company of leading lifestyle brands like Tommy Bahama and Lilly Pulitzer, has reported a 5 per cent

INSIGHTS Under Armour saw a 5 per cent decline in Q4 revenue to $1.3 billion, with North American sales dropping by 10 per cent, while Its full fiscal 2024 revenue decreased by 3 per cent to $5.7 billion. Conversely, Goldwin Inc reported a 10.3 per cent increase in net sales in FY24, but its FY25 forecast anticipates a decline in profitability despite continued sales growth.

INSIGHTS Hermes announces the opening of its twenty-fifth leather goods workshop in Loupes, France, by 2026, employing 260 artisans. It aims to preserve and transmit leatherworking expertise through its Gironde hub, which includes an apprentice training centre. Collaborating with local partners, Hermes is strengthening its commitment to regional development. Hermes’ twenty-fifth leather goods workshop in France – will open in 2026, ultimately employing 260 artisans trained in the

INSIGHTS In mid-May, several prominent companies in the fashion and retail industry released their financial results for the fourth quarter and full fiscal 2024 (FY24). This report highlights the performance of California-based Boot Barn, Japanese fashion company Gunze Ltd, London-headquartered Burberry Group Plc, and Denver-based VF Corporation.

INSIGHTS Online fashion shopping leads global e-commerce, with 56.1 per cent of respondents buying clothing and accessories online. Only 3.1 per cent never shop online. Key motivations include convenience and cost savings, while some prefer in-store shopping for safety. Emerging technologies like social commerce and augmented reality are gaining traction. Online fashion shopping is leading the charge in global e-commerce, with 56.1 per cent of respondents purchasing clothing and accessories o

INSIGHTS Copenhagen Fashion Week's May bulletin dives into European policy and its impact on fashion. With the European Parliament's final session concluding on April 25, key agreements like the Corporate Sustainability Due Diligence Directive and ESG Ratings Regulation were approved. Upcoming elections are crucial as new MEPs will influence future policies. Copenhagen Fashion Week has published its May policy bulletin that takes a deep dive into the European policy landscape and its signific

INSIGHTS The 77th Cannes Film Festival dazzled with celebrity fashion from day 3 to day 6. Highlights included Emma in a black and white Louis Vuitton mini dress, Selena Gomez in Saint Laurent, and Demi Moore in a red Giorgio Armani Privé gown. Bollywood stars Aishwarya Rai Bachchan, Mrunal Thakur, and Sara Ali Khan also turned heads with their stunning outfits. The 77th edition of the ongoing Cannes Film Festival continues to be a glamorous spectacle, with celebrities showcasing stunn