From today, 6 June to 9 June, the European elections will once again take place, in which citizens of the EU countries elect the members of the European Parliament. They represent the interests of EU citizens at European level and have the task of shaping and adopting new laws in all areas of life in the European Union (EU). As such, retail...
Jun 6, 2024
How is the market performing? It turns out that whether the financial outlook is positive or not has never been harder to say. A fact that the Executive Survey by McKinsey and Business of Fashion (BoF) rightly captured. According to the report, against a challenging economic backdrop, executives' views on the industry's prospects are more...
Dec 18, 2023
The European B2C market is expected to grow by 14.96 per year, and forecast to reach 1,010 billion dollars by the end of this year. New data from Research and Markets says online commerce in Europe is an attractive growth story, expected to be worth 1,565 billion dollars by 2026. The pandemic accelerated online shopping across categories, with...
Oct 30, 2022
Europe is seeing a boost in tax free shopping with a 726 percent jump in May compared to 2021. As European borders re-opened and travel without quarantine is possible, tax free shopping is rising, despite being 37 percent below 2019 levels. The figures were released in an intelligence report by Planet, a payment solutions company that offers...
Jul 6, 2022
The European Apparel and Textile Confederation Euratex has looked at the latest trade data from January to September 2021 and found a “dramatic drop” of imports and exports of textile goods between the EU and UK, with exports falling by 44 percent to almost 2 billion euros and exports by 22 percent, corresponding to 1.6 billion euros. This means...
Jan 20, 2022
The UK ranks second place in a study of Europe’s most artistic companies according to creative resource Design Bundles. In first place is The Netherlands with Latvia coming in third place in the index. The research analysed five different factors: the percentage of government spending on cultural services, the number of art schools, colleges and...
Oct 25, 2021
After successfully connecting consumer brands with independent entrepreneurs in the United States and Canada for the last four years and two years, respectively, B2B marketplace Faire has expanded to Europe and is continuing its rapid growth. The marketplace started with a trial in the UK and the Netherlands at the beginning of the year,...
Oct 11, 2021
Gap has told its European store network it is likely that stores across the continent could close. The company is looking at trying to form external partnerships to still maintain a presence across Europe in addition to boosting e-commerce efforts. The news was reported by WWD. Gap posted a statement on their website from president and CEO Mark...
Oct 21, 2020
A widening gap of skills is the biggest concern for the European textile sector, as the industry continues to see experienced employees retire but struggles to attract new young talents, warned Euratex. To make matters worse, that shortage is poised to be aggravated by the need for workers to skill up amid digitalization, which in turn calls for...
Jun 17, 2019
When it comes to shopping online, the Dutch and the Swiss are European champions, according to the 2018 report on e-commerce in Europe, published today by EuroCommerce. 98 percent of Dutch and Swiss citizens said to have used the Internet in the last 12 months, out of which 82 percent have made at least one online purchase during this period....
Jul 2, 2018
In the past, western economies viewed China primarily as a country of production. The fashion industry, in particular, has exported the majority of its manufacturing to China,because of its relaxed environmental and social standards, and low wages. Over the years however, China has evolved from Asia’s poorhouse into one of the most prosperous...
Apr 20, 2018
Outdoor apparel retailer Patagonia is to launch its sustainable initiative, which aims to encourage consumers to make their clothing last a lifetime through repairs, in Europe this spring. Named the ‘Euro Worn Wear Tour,’ the project will see the retailer make over 50 stops in five European countries which they will offer customers free repairs...
Apr 8, 2016