03/01/2023
The fashion industry is ever-changing, with the luxury sector going through a new wave of trends every few weeks. In addition, as politics of diversity and inclusiveness seep into the luxury fashion world, the industry becomes more dynamic and multifaceted by the day 📈
Back to Business Casual: From an analysis of UK and US workwear arrivals at luxury retailers, shirt arrivals rose by 16%, blazers by 22%, and court heels by 13% 👕
Inclusive Sizing Options: The plus-sized women's apparel market is growing faster than the total women's clothing market, with sales expected to grow 7,6% this year. Top luxury brands compete with celebrities like Rihanna's Savage X Fenty, and Lizzo's Yitty for size-inclusive options 🤰
Fashion in the Metaverse: 42% of brands that mentioned the metaverse and NFTs within the past year within emails and landing pages have been top luxury brands. The metaverse in fashion market share is expected to reach $6,61 billion by 2026. The market has also recorded a 30.5% YoY growth this year 🌍
Inclination Toward Eco-Friendly Materials: The market for global ethical fashion is expected to reach $10,1 billion by 2025 and $15,5 billion by 2030 at a CAGR of 9.0% 🌱
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