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Fashion retailer H&M Groupwill begin to offer access to its global supply chain as a service to external companies,covering all steps from product development to sourcing, production and logistics.
Beth Wright March 5, 2020
Fashion retailer H&M Groupwill begin to offer access to its global supply chain as a service to external companies,covering all steps from product development to sourcing, production and logistics.
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What is driving growth in the Global Luxury Apparel Market?
The global luxury apparel market has seen exceptional recovery since 2021, after the inevitable sales decline in 2020 due to the pandemic. This growth has largely been due to strong demand in the key market of APAC, with the lifting of restrictions leading consumers to spend more on luxury goods for events such as holidays and social occasions.This growth is only expected to continue, and GlobalData’s free report Global Luxury Apparel Market Trends, Size and Forecasts out to 2025, can assist companies in understanding the drivers behind this growth, as well as potential inhibitors and key trends affecting the market. Understanding these crucial elements will be essential for luxury brands and retailers to stay ahead of their competitors.This report provides comprehensive analysis of:
- Luxury apparel market size at total, regional, and category level – with forecasts out to 2025
- Market drivers and inhibitors
- Retailer and brand market shares, 2019-2021
- Hot issues and profiles of leading brands
- Key trends affecting the global luxury apparel market
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By GlobalData
Its newTreadler business-to-business initiative will enable clients to benefit from H&M Group’s expertise, long-term supplier partnerships and strategic sustainability work, the Swedish company says. The aim is to help companiesovercome what H&M calls “initial business barriers” and accelerate sustainable change.
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By GlobalData
“We see the opportunity to utilise the full potential of H&M Group’s extensive investments and progressive sustainability work by catering to clients’ needs and contributing to driving long-term growth for H&M Group, while driving change in our industry,” saysGustaf Asp, managing director of Treadler. “In discussions with other companies, we have experienced a demand for these kinds ofservices.”
Treadler will initially work on a small scale and provide a service that is tailored to suit the need of each client, covering all steps from product development to sourcing, production and logistics.
Click here to read just-style’s recent interview withLaura Coppen, circular and sustainable business developer at H&M Group’sThe Laboratory innovation hub.
See Also:
- New Look, ITF team to safeguard supply chain worker rights
- Nextevo CEO: Pineapple fibre is in demand but value-add is key
Free Report
What is driving growth in the Global Luxury Apparel Market?
The global luxury apparel market has seen exceptional recovery since 2021, after the inevitable sales decline in 2020 due to the pandemic. This growth has largely been due to strong demand in the key market of APAC, with the lifting of restrictions leading consumers to spend more on luxury goods for events such as holidays and social occasions.This growth is only expected to continue, and GlobalData’s free report Global Luxury Apparel Market Trends, Size and Forecasts out to 2025, can assist companies in understanding the drivers behind this growth, as well as potential inhibitors and key trends affecting the market. Understanding these crucial elements will be essential for luxury brands and retailers to stay ahead of their competitors.This report provides comprehensive analysis of:
- Luxury apparel market size at total, regional, and category level – with forecasts out to 2025
- Market drivers and inhibitors
- Retailer and brand market shares, 2019-2021
- Hot issues and profiles of leading brands
- Key trends affecting the global luxury apparel market
Read this report now if you want to maximize growth using in-depth market predictions.
Thank you.
You will receive an email shortly. Please check your inbox to download the Report.
By GlobalData
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