Data news and archive

Eurozone inflation marginally rises to 2 percent

Eurozone inflation rose slightly in June. The annual inflation rate rose to 2.0 percent, the Eurostat statistics office announced in Luxembourg on Tuesday, according to an initial estimate. In May, the inflation rate had fallen to 1.9 percent. Economists had, on average, expected this slight increase. Inflation in the Eurozone is thus in line...

Business

FashionUnited expands to 100 countries

FashionUnited is set to significantly expand its global footprint, adding 60 countries to its platform in the coming months. By the end of this year, this expansion will enable over 80% of fashion professionals worldwide to access industry news, job vacancies, and essential data in their own country and language. This significant expansion is...

Retail

69 percent of US consumers still willing to give up data for a better retail experience

Following recent data breaches at Adidas, Dior, and The North Face, consumers are trusting fashion brands less and less when it comes to their personal details. However, a new study, The Trust in CX, by Press Ganey Forsta, has found that the large majority of US consumers are still open and willing to share their data if it would offer them a...

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Business

Switzerland: Watch exports fall in May after record sales in April

Following substantial deliveries to the US in April, in light of impending tariffs, Swiss watch exports declined in May. However, the ‘boomerang effect’ proved less pronounced than anticipated, according to the Federation of the Swiss Watch Industry (FH). After a significant increase of 18.2 percent in April, Swiss watch exports across all...

Retail

French fashion retail in transition: overview of a reinvented sector

This year, in France, of over 2,000 shop openings recorded by Newmark, only 13 percent concerned the fashion sector. This figure, far from anecdotal, reflected the major shift currently shaping fashion retail and redrawing the landscape of our shopping streets. The turning point began in late 2019. Progressively, more and more mid-range fashion...

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Business

Global luxury market risks facing its worst turbulence in 15 years

Paris - The global luxury market was expected to slow down in 2025, hampered by the geopolitical context and economic uncertainties, with the risk of experiencing its worst turbulence in 15 years. However, the long-term outlook remained positive, according to a study by consulting firm Bain & Company. Luxury sales, "sensitive to uncertainty, are...

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Business

Italian fashion returns to growth, boosted by domestic market and Europe

On the occasion of the opening of Pitti Uomo (PU), a key event for premium menswear in Florence, an exclusive study by Joor, a major global wholesale platform in fashion, revealed a return to vigorous growth in the Italian fashion market in 2025. After two years of decline, the Italian sector showed tangible signs of dynamism, driven by a...

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Business

France consumes more new fashion than ever amid transition to circularity

Purchases of new clothing, footwear and household linen reached a record high in France in 2024, with an average of 42 items per person, the organisation Refashion revealed at a press conference on Tuesday. In 2024, 3.5 billion new pieces were purchased, or 10 million per day, Vanessa Gutierrez, head of studies at Refashion, the body tasked by...

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Business

Strong growth in Chinese retail despite US trade dispute

Chinese retail sales increased by 6.4 percent year-on-year in May, despite the ongoing trade dispute with the US. This marked the strongest growth since late 2023, following a 5.1 percent rise in April. Analysts were surprised by this positive development, having forecasted a decline in growth to 4.9 percent. French bank Société Générale...

Retail

US: Retail sales hesitantly grow in May as tariff uncertainty lingers

New figures released by the National Retail Federation (NRF), have shown that despite retail sales continuing on an upward trend throughout May, a sense of uncertainty is lingering in the wake of tariff adjustments. In the US, total retail sales, excluding automobiles and gasoline, rose marginally by 0.49 percent month-over-month and 4.44...

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Business

New study finds brands refusing to adjust prices to reflect minimum wage increases

A new survey by Transform Trade has found that “unfair practices are rife in fashion businesses” when working with Indian garment manufacturers. Among the behaviours reported, the organisation said that it found evidence of brands refusing to raise prices in line with cost increases and demanding extra price reductions despite production being...

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Business

European economy starts 2025 stronger than expected

The European economy surpassed expectations at the start of 2025. The European Commission shared in its most recent economic forecast that the economy had a stronger start than anticipated. The European economy is expected to continue growing slowly in 2025, with an acceleration in 2026, according to the update. The Gross Domestic Product in the...