Talking about the reasons for this growth, he said that e-commerce is driving much of it. Personal savings are also historically high, allowing consumers to invest in durable goods.
Although the industry is recovering, challenges related to the virus persist. “Some regions are recovering faster than the others as the pandemic eases there. The apparel market's recovery has lagged behind some of the other markets, but consumers are now starting to once again shop for clothing and accessories,” Poovey said in an interview with Fibre2Fashion.
Click here to read the interview.
ALCHEMPro News Desk (KD)
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