World market for apparel and footwear

An overview of the state of the global apparel and footwear industry, leading companies and brands, and the top consumer trends shaping the industry from Euromonitor.
  • As a result of ongoing economic and political instability, the industry is poised for only slow global growth, however, there are pockets of growth in Latin America, South-East Asia, and the Middle East.
  • Consumers are adjusting their financial mindsets to get the very best value they can, driving demand for dupes and fast fashion, which means services like repairs, rental and resales might be worth considering for longer-term growth.
  • The adoption of blockchain, AI, and SAAS technology is being driven by the escalating accusations of "greenwashing", which are challenging brands to demonstrate their sustainability efforts and be transparent.
  • AI has...

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