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With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

As a result, the luxury market’s base expanded to approximately 400 million consumers in 2022 and is expected to reach 500 million by 2030, Bain & Company revealed — and the expansion goes far beyond the aspirational promise. At Alibaba’s recent 11.11

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How Princess Polly Balances Sustainability and On-Trend Style

Retail TouchPoints

After a successful partnership with Pacsun, the fashion brand opened its first U.S. On-Trend Styles: “Delivering on-trend fashion continues to be the cornerstone of our business and the focus of our strategy for the holiday season and through 2024,” Dres explained. 2023 was a critical year in Princess Polly ’s growth story.

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SHEIN’s Head of Strategy on Setting (and Achieving) Firmer ESG Goals

Retail TouchPoints

Despite the controversies, the fast-fashion brand has been named one of Gen Z’s favorite brands and one of the fashion industry’s most popular brands. As its reach and impact in the fashion industry continues to grow, SHEIN is focused on righting the brand ship and zeroing in on its manufacturing and product development processes.

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Industry Deep Dive: 2021 Apparel Stats to Know

ROI Revolution

trillion by 2030. However, the fashion category as a whole saw some steep declines in 2020, with the global fashion industry’s profit expected to have fallen 93% in 2020 after rising 4% in 2019. As the fashion industry begins to recover in 2021, online and omnichannel strategies will be crucial.

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The Top Footwear Ecommerce Trends That Will Dominate the Industry

Omnisend

Fashion ecommerce is an ever-expanding industry that is not only susceptible to change, but embraces it proudly. In fact, marketers can learn a lot from the revolutionary fashion ecommerce trends driving a booming $2.5 trillion by 2030—a 74% increase from 2019: Source. Omnichannel Fashion Ecommerce.

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The Future of the Luxury Market: Getting Ahead With Retail Intelligence

Dynamic Action

A few notable trends in the luxury industry for 2023 include: A movement online – By 2030 , online should be the leading channel for luxury sales with ~32-34% market share. Reliance on AI and technology – Luxury brands increasingly utilize technology to create consistent omnichannel experiences and better understand their customers.

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SUSTAINABILITY IS THE CHALLENGE OF OUR TIME FOR GLOBAL COMMERCE

RetailMinded

Through its innovative work unifying omnichannel commerce, distribution & transportation solutions, Manhattan is able to extend the customer remorse period far beyond traditional, monolithic solutions. Gen Z retailer PacSun followed the sustainable theme with Co-CEO Michael Relich.