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One such brand is PT Pantaloni Torino (or simply PT), a trouser-specialist from Turin, Italy. "PT was founded 10 years ago because the trouser market needed a new trouser brand with new fits and new details. In the course of the last 10 years, PT has satisfied that need," Domenico Gianfrate, who doubles up as the commercial and creative.
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For example, as the gorpcore trend cools in 2024, brands like Salomon and Arc'teryx may shift their outwear offerings from flashy jackets to more minimalist, "quiet outdoor" styles, according to BoF and McKinsey's State of Fashion report. Still, expect to see some pushback in 2024: "loud luxury," best characterised by more opulent.
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According to Boston Consulting Group, revenue generated by the fashion industry dropped by more than one-third in 2020, which is equivalent to around $640 billion in lost sales. This is tremendous.
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Fast fashion market value forecast worldwide from 2021 to 2027 (in billion U.S. dollars) Premium Statistic Value of the secondhand apparel market worldwide from 2021 to 2027
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Trend #2: Environmental commitment in fashion is here to stay. In 2022 there were close to 53m online mentions relating to sustainability and fashion. We used Google Trends and Consumer Research to look back five years. As you can see, Google searches and consumer mentions relating to sustainability and fashion have grown steadily since 2017.
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Australia has a relatively small apparel market compared to other Asia Pacific countries, such as China. Nonetheless, in 2022, Australia recorded an apparel market revenue of over 18 billion U.S.
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5. Smart Clothing: Smart clothing is a 2023 fashion trend that incorporates technology such as sensors, microelectronics, conductive fibers and Bluetooth connectivity in clothing. It enables people to stay connected, monitor their health and fitness, track their movement and provide feedback on performance.
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Source: Fashion E-commerce Global Market Report 2022, Research and Markets, May 2022. Statista estimates that the online clothing and apparel industry will reach a value of 1.2 trillion U.S. dollars by 2025, Research and Markets expects the e-commerce fashion industry will grow to $1.1 trillion dollars in 2026.
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According to McKinsey's analysis of fashion forecasts, the global industry will post top-line growth of 2 to 4 percent in 2024 (exhibit), with regional and country-level variations. Once again, the luxury segment is expected to generate the biggest share of economic profit. However, even there, companies will be challenged by the tough.
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impact the fashion market. The year ahead will open with the industry in a state of high nervousness and uncertainty, with most executives across fashion and the wider business world bracing for a slowdown in growth in the global economy. Because fashion is a global business with global supply chains, industry
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1:21. Zara founder Amancio Ortega struck a deal with Blackstone Inc. to buy a warehouse in the Netherlands let to Irish fashion retailer Primark, the latest of a series of logistics-asset.