The British Retail Consortium’s latest BRC-Opinium Consumer Confidence Tracker paints a stark picture for the retail sector heading into 2025. While consumer sentiment around personal financial situations held steady at -3 in December, broader economic pessimism deepened significantly, with expectations about the state of the economy plunging to...
24 Dec 2024
As we approach 2025, the luxury market faces significant challenges that could reshape its trajectory. A mix of economic, political, and consumer-driven factors are likely to influence demand, innovation, and growth in this highly competitive sector. Market uncertainty The global luxury industry is navigating a period of considerable economic...
20 Dec 2024
The next twelve years will be a time of major growth for big fashion chains. The ING Economic Bureau predicts that brands in the mid-segment and self-employed retailers may have had their day. The bank examined the fashion industry in 2025. Apart from fast fashion, fashion entrepreneurs have one other option: sustainability. The ING Economic...
15 Nov 2013