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185 posts categorized "Apparel and Footwear"

December 18, 2014

Rouble Trouble: Impact of Currency Volatility on Russian Apparel Market

Magdalena KondejAnalyst Insight by Magdalena Kondej - Head of Apparel and Footwear Research

Faced with sharp devaluation of the rouble, Apple has already halted its online sales in Russia while some luxury brands, including Cartier, are raising prices to counter deflation. If Russia’s financial and economic instability continues, fashion and sportswear brands are inevitably set to suffer too. 

adidas Group under increased pressure

adidas clearly leads in Russian sportswear, over Nike. But what was once adidas’s significant advantage, is now becoming a hindrance. Russia accounts for almost 7% of adidas’s global sales compared to only 1% for Nike.  Earlier this year, the company had already issued profit warnings, partly blaming the situation in Russia and its share price has slid by 25% since July.

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December 14, 2014

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Euromonitor analysts discuss the key events impacting foreign investment, population, tourism, tax rates, social media, politics, consumer confidence and other factors impacting consumer spending trends in Asia Pacific countries moving into 2015. Watch the video for complete insights.

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December 11, 2014

Is Islamic Fashion Apparel a Missed Opportunity?

Karen Van DiesenAnalyst Insight by Karen Van Diesen

View Karen Van Diesen's profile on LinkedIn

The Muslim world represents a key consumer base, with underserved needs and rising spending power. There are approximately two billion Muslims in the world, accounting for nearly 30% of the global population. This share of the general population is set to grow even higher, as the number of Muslims is expected to increase at a pace of 1.4% per year globally. Alongside a thriving Islamic economy, there is growing demand for Islamic fashion apparel. In 2013, the 57 countries that belong to the Organisation of Islamic Cooperation accounted for 7% of total value sales of apparel and footwear. By 2018, this figure is forecasted by Euromonitor International to rise to over 9%.

Muslim fashion apparel is a key area that companies should explore. One reason for this is that there has been a change in mind set over the years. Muslims increasingly see clothing as a way of expressing their fashion sense, along with their religious and cultural values. Unfortunately, Islamic fashion apparel offerings have been limited, and there is no single Islamic brand catering to the fashion needs of the Muslim population globally. Thus, there is an opportunity for modern Islamic fashion brands to be showcased.

IslamicFashionv2

Source: Citra Style

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December 2, 2014

3D Printing: The Next Frontier in Fashion?

Rob WalkerAnalyst Insight by Rob Walker - Contributing Analyst

View Rob Walker's profile on LinkedIn

Tired of wearing clothes that don’t really fit properly even though they are supposed to be in your size? Imagine walking into a clothes store, getting your body scanned for its geometric measurements and then walking away with something that fits you perfectly. Yes, perfectly.

How? By entering your unique geometric code (a sort of sartorial DNA) into a multi-material 3D printer. Next, choose your textile, design and colour scheme and, hey presto, you’re a click away from a made-to-measure outfit.

If this all sounds a bit futuristic, that’s because it is. But, advances in 3D printing technology are now moving so fast that this type of bespoke fashion – a bridge, if you like, between Haute Couture and the mass ready-to-wear market – is not as pie in the sky as you might think. There are already 3D printable materials available that are flexible yet hardy enough to be worn. They can even be thrown into the washing machine along with the rest of your laundry.

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November 6, 2014

Haute Sport: Fashion Apparel Picks Up Speed in Australia

Julia-IlleraAnalyst Insight by Julia Illera - Research Analyst

View Julia Illera's profile on LinkedIn

Fast fashion may have taken the slow route to the Australian market, however leading global apparel players are now opening stores locally at breakneck speed. Fuse this with the fortuitous favour currently bestowed on stylish activewear or “sports-luxe”, and globalisation emerges as a two-way street for Australia, as local designers achieve international recognition and the world of fashion seems a little less geographically distant.

Global players shape up Australian arena

While international press and style blogs are out in force assuring the world that the collaboration between New York-based designer Alexander Wang and Swedish fast fashion giant H&M is one of the most highly anticipated events on the 2014 calendar, many fashion-conscious Australian consumers would disagree. Local shoppers have waited with bated breath for the April 2014 opening of H&M’s flagship store in Melbourne, with the brand’s first Sydney store following in mid-October.

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November 2, 2014

Is Wearable Technology Moving into Sportswear?

Rob WalkerAnalyst Insight by Rob Walker - Contributing Analyst

View Rob Walker's profile on LinkedIn

What would we do without our smartphones? Over one billion will be purchased globally this year, according to our latest data. Small wonder, then, that many in the fashion industry are keen to grab a bigger piece of the “smart” action by developing their own lines of wearable technology, from smart socks to smart bras. The big question is whether smart fashion, like smartphones, has the potential to become part of the retail mainstream.

 

Global Sales of Smartphones 2010-2014

Source: Euromonitor International

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November 1, 2014

Phablet Trend Drives Innovation in Fashion, Pocket Sizes

Daphne KasrielAnalyst Insight by Daphne Kasriel-Alexander - Consumer Trends Consultant

View Daphne Kasriel's profile on LinkedIn

Phablet fashion goes beyond the devices themselves. People’s attachment to their smartphones, phablets and tablets is having a ripple effect on broader consumption needs, beyond electronic devices. Fashion is an interesting example. As consumers favour ever larger screens on portable devices to use in their mobile cocoons - Apple’s new phablet-sized phone sold out within 24 hours - fashion brands are responding to the gripe that these devices can’t fit neatly into consumer pockets. ‘BendGate’ when some brand new iPhone 6 models curved when squashed into front pockets as the aluminium succumbed to the pressure of the user’s movement - the subject of physics-style scrutiny in Wired magazine - only put the issue of the need for 'tech-friendly clothing' into sharper focus.

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October 17, 2014

Fashion E-tailing: Innovation Hotspots, Omni-channel and Mobile Development

Etailing-webinar-banner

This presentation pinpoints key innovations in selling fashion online, focusing on the areas of fit and sizing, impulse buying, affordable luxury and curation and personalisation.

Watch the recording now to learn:

  • Key challenges in selling apparel
    and footwear online
  • Rules of the omni-channel playbook
  • How mobile internet retailing is an
    untapped opportunity

Recording

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October 11, 2014

Is Fast Fashion Heading for a Slowdown?

Rob WalkerAnalyst Insight by Rob Walker - Contributing Analyst

View Rob Walker's profile on LinkedIn

There is speculation brewing in the apparel industry that consumers are getting tired of fast fashion, especially in the US, preferring instead to pay a premium for garments made from better quality fabrics that last longer. “People are not buying just to buy anymore”, said Nate Herman, vice president of the American Apparel and Footwear Association in an interview with The Wall Street Journal.

Euromonitor International’s sales data for the US does not entirely support this argument, though. Indeed, last year, retail volume sales of apparel and footwear grew faster than retail value sales for the first time since 2007. This would suggest that US consumers are spending less, not more, on their garments.

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October 8, 2014

Designer Footwear Looks Good Fit for Investors as Jimmy Choo Goes Public

Rob WalkerAnalyst Insight by Rob Walker - Contributing Analyst

View Rob Walker's profile on LinkedIn

We said at the start of this year that the options for luxury shoemaker Jimmy Choo – if the brand is going to speed up expansion into Asia and other new markets - are either an initial public offering (IPO) in London, or the sale of a minority stake (See Private Equity: Saviour or Slayer of Luxury Fashion?). Plans to proceed with a London IPO have now been confirmed. “Jimmy Choo is a clear success story with strong momentum and I am confident that our future as a public company can only extend our reputation and position in this attractive sector,” said Jimmy Choo’s chief executive Pierre Denis in a statement.

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Recent Posts

Rouble Trouble: Impact of Currency Volatility on Russian Apparel Market

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Is Islamic Fashion Apparel a Missed Opportunity?

3D Printing: The Next Frontier in Fashion?

Haute Sport: Fashion Apparel Picks Up Speed in Australia

Is Wearable Technology Moving into Sportswear?

Phablet Trend Drives Innovation in Fashion, Pocket Sizes

Fashion E-tailing: Innovation Hotspots, Omni-channel and Mobile Development

Is Fast Fashion Heading for a Slowdown?

Designer Footwear Looks Good Fit for Investors as Jimmy Choo Goes Public