Peaks Partners’ Post

The #UK men's fashion market is booming, with total sales reaching £13.2 billion in 2023, up 4%. 💷 However, with shifting consumer demands and unpredictable economic conditions, 📉 how can menswear #brands seize market opportunities? Euromonitor's latest report distills key data and insights for us. 📊 The report forecasts the UK #MensFashion market size will reach £14 billion by 2028, growing at a CAGR of 2.2%. 📈 This information helps us judge market prospects more accurately. I briefly summarise a few important findings: ✅ In 2023, men's #swimwear sees the fastest growth at 9%, with total sales of £196 million. The price-performance ratio becomes an important consideration for consumers. 💰 ✅ Economy and premium men's jeans show significant polarization, targeting different consumer groups. 👖 ✅ Quality #bespoke suits still see demand, projecting professionalism and refined personal image. 👔 For more segment data and forecasts see the full report. 📄 Very welcome to share your unique insights into the UK men’s fashion market... #Marketing #Fashion #Branding #Business #FashionIndustry #GlobalTrade #BusinessIntelligence #Ecommerce #Future #Apparel #MensWear #Global #Secondhand #Pajamas #Underwear #Coat #JbtIndustry

Week in review: Bleak end to 2024 for global fashion retailers The outlook for the global fashion sector looks far from rosy as we head into H2 2024 with headlines this week including Hong Kong fashion retailer Esprit on the brink of divesting its China business and US sportswear giant Nike sounding a warning on the financial year ahead. #fashion #H22024 #JSDaily

Dear Fashion Enthusiasts, My Webinar coming soon, on “Design Aesthetics & Styling“ your lifetime guide, to Look Lean and Tall and most Presentable !! #styling #retailers #dressingup #fashionstyling #fashiontrends #dresscode #womenswear #menswear #apparelbrands #fashionretail #imageconsulting #powerdressing #customerexperience

𝗟𝗲𝗮𝘁𝗵𝗲𝗿 𝗦𝗵𝗼𝗲 𝗦𝗹𝘂𝗺𝗽: 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗕𝗿𝗮𝗻𝗱'𝘀 𝗦𝘁𝗿𝗲𝗲𝘁 𝗦𝘁𝗼𝗿𝗲𝘀 𝗪𝗲𝗿𝗲 𝗦𝘁𝗿𝘂𝗴𝗴𝗹𝗶𝗻𝗴 Struggling with leather shoe sales in street stores? Find out why in our latest case study! Understanding customer preferences is key in revitalizing sales. Read more to uncover the insights that led to a 25% increase in trendy shoe sales for a global fashion brand. 📊 #JasperColin #DatatoDecision #MarketResearch #CustomerInsights #SalesGrowth #RetailTrends #LeatherShoes #BrandStruggle #StreetStores #FashionWoes #RetailChallenge #FootwearIndustry

https://www.stellarmr.com Exciting Growth in the Premium Apparel Market! In 2023, the Premium Apparel market was valued at an impressive USD 422 Billion. With a projected CAGR of 3.8% from 2024 to 2030, the total global revenue is expected to soar to nearly USD 547 Billion by 2030. This growth highlights the increasing consumer demand for high-quality, luxury clothing and accessories. It's an exciting time for the fashion industry, and we can't wait to see what innovations and trends will emerge in the coming years. #FashionIndustry #MarketGrowth #PremiumApparel #BusinessTrends #Innovation

"Brands need to develop individual strategies for their marketplaces and move away from a one-size fits all approach". We share the key takeaways from our Retail Fest panel discussion, with special insights from Weber LLC, Azura Fashion Group and Zinus. Learn more here https://lnkd.in/e7aVmx7s #Brands #Retailers #Marketplaces

Did you know the #UK women’s fashion market size has reached £25.4 billion? 💰 Which categories are performing best? And what #trends are influencing consumer choices? 🤔 A recent Euromonitor report unravels the answers to these questions for us. The report forecasts the UK #WomensFashion market size will reach £26.5 billion by 2028, growing at a CAGR of 2%. 📈 The data and insights help us see market prospects more clearly. I’ve highlighted a few key findings: ✅ In 2023, #outerwear maintained 2% growth, with total sales of £21.8 billion, performing best. This is mainly thanks to the strong demand for casualwear and versatile dresses/skirts. 👗 ✅ Consumers applaud #sustainable fashion, but fast fashion still dominates. This reflects diverse preferences among different consumer groups.👍 ✅ #Shapewear has become a new growth engine for women’s underwear, which is related to the evolution of body positivity and elevated consumer awareness. 👙 For more segment data and forecasts, see the report. 📄 Which categories are you most optimistic about? 🤑 What noteworthy consumption trends are there? 💡 Your feedback is important to me. 🙏 Let's explore this diverse market together. 🤝 #Marketing #Fashion #Branding #Business #FashionIndustry #GlobalTrade #BusinessIntelligence #Ecommerce #Future #Apparel #WomensWear #Swimwear #Pajamas #Underwear #Coat #Global #Sustainability #JbtIndustry

"Brands need to develop individual strategies for their marketplaces and move away from a one-size fits all approach". We share the key takeaways from our Retail Fest panel discussion, with special insights from Weber LLC, Azura Fashion Group and Zinus. Learn more here https://lnkd.in/e7aVmx7s #Brands #Retailers #Marketplaces

How the apparel sector can overcome high interest rates, gain market share Every apparel business is being impacted by high interest rates and to make matters worse, since these higher rates have followed decades of low ones many fashion brands and companies are finding themselves without a playbook to navigate this ongoing challenge, writes apparel industry expert Roit Kathiala. #apparel #interestrates #JSDaily

Secondhand fashion is experiencing explosive growth. U.S. online fashion resale volume is projected to nearly double by 2026, reaching $23.92 billion, according to eMarketer. This trend extends globally, with the secondhand apparel market expected to hit $350 billion by 2027, growing at a rate three times faster than the overall global apparel market, according to ThredUp. Driving this surge are younger generations—83% of Gen Z have already shopped or are open to shopping for secondhand apparel, with younger generations expected to account for nearly two-thirds of incremental secondhand spend as their purchasing power increases. This shift is not just about budget consciousness; it's a reflection of changing values, with 47% of Gen Z refusing to buy from non-sustainable apparel brands and retailers. [Note: This is from our July newsletter. We're about to send out August! You can subscribe at http://www.tmrwandtmrw.com.] Photo: https://lnkd.in/gMsFsqiQ #retail #strategy #genz