Markets

The President of the European Commission, Jean-Claude Juncker, and the British Prime Minister, Boris Johnson, have announced that a pact has been reached in case a hard Brexit happens.

The sector remains oblivious to political uncertainty and chains four consecutive months on the rise, after raising its sales by 2.6% in August 1.1% in July and 2.8% in June.

The companies in the sector that appear in the Best Global Brands 2019 ranking, by Interbrand, added a brand value of 207.2 billion dollars.

The country’s retailers and suppliers have expressed concern about customs controls and new tariffs if an agreement with the European Union is not reached.

In year-on-year terms, the increase was 1.5%, according to data made public today by the Department of Commerce of the United States.

This market of consumers, that has an average expense of 830 billion dollars in the United States, is redefining consumption rules.

The international organization’s total outlook for 2019 shows a weak increase of the global GDP due to the slowdown of trade and industry.

According to the Boston Consulting Group and Altagamma, the secondhand market will grow from 25 billion dollars in 2018 to 36 billion dollars in 2021.

The holidays have recovered their dynamism after the drop registered in 2018. Despite all, the results are still far from the double-digit growth registered in the previous years.

Mexicans from 26 to 30 years old are the ones who buy and spend the most per month, especially men.

The United States clothing and footwear business will reach 535.9 billion dollars by 2023 boosted by specialized retailers, according to JustStyle and GlobalData.

Germany, the United States and Spain are amongst the most affected countries by global deceleration, according to the Oecd.

Benin, Burkina Faso, Chad and Mali have requested formal recognition of a World Cotton Day by the United Nations General Assembly.

Kristalina Georgieva has warned that trade war would represent a loss of around 700 billion dollars for 2020 or about 0.8% of GDP.

The European Union and the United States are the world’s largest partners in trade and investment. Now, the tariffs announced by the Trump Administration could be a serious threat to the European fashion business in the country.

It has been the worst month for the fashion sector in the country since 2011. The closure of stores and increasing uncertainty weaken consumer’s confidence.

Retail trade in the countries that have the euro as common currency increased 0.3% compared to the same period of the previous year.

The European Union has already anticipated that it will retaliate these tariffs, which could impact fashion categories such as bags or suits.

Rising online and discount competition will continue to pressure retailers’ sales growth and margins, says the rating company in its latest outlook of the sector.

At the doors of Brexit, the commercial vacancy rate soared to 13% at the end of the first half of 2019. It’s the highest in four years, since august 2015.

Stores in Peru will open over the weekend with discounts of around 70%. The intention is to boost the economy of shopping malls that expect a 7% growth in sales.

The European Union, the United States and Japan continue to be the largest buyers of apparel on the planet, while South Korea and China speed up in the ranking.

The Gross Domestic Product (GDP) of the country, the biggest Latin American fashion market, might close 2019 with an increase between 0.2% and 0.7% according to the last predictions of Bank of Mexico.

The textile, footwear and leather goods industry invested in 2016 a total of 38.7 million euros in machinery to control pollution, according to the last available data of Eurostat.

Trade war between the United States and China, the thread of Brexit and the weakness of Germany are some of the elements that threaten the global economy.

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