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Apparel & Footwear
ADS and Belgian streetwear label Arte Antwerp has announced a long term collaboration, marking their first partnership together. The adidas x Arte alliance aims to reimagine modern sportswear through the influence of street culture and the African diaspora, inspired by founder Bertony Da Silva’s Angolan roots and European background.
Circle’s strategy centers on expanding the utility of USDC through enterprise partnerships. The company has entered into multiple alliances with Visa, MoneyGram, Binance, and Coinbase, integrating USDC into global payment and remittance networks.
NKE has launched the new LeBron XXIII, a basketball shoe that celebrates LeBron James’s legendary career while inspiring future players. The shoe combines Nike’s latest technology with storytelling, featuring 23 designs that represent key moments in LeBron’s journey.
H&M has introduced the highly awaited H&M Glenn Martens collection for the first time. Glenn Martens, a Belgian fashion designer known for shaping modern fashion, has teamed up with H&M to create a collection that lets a wide range of customers enjoy his unique and creative designs.
URBN operated 257 Urban Outfitters stores, 247 Free People stores, including 73 FP Movement stores, and 243 Anthropologie stores across the United States, Canada, and Europe. The company also ran 9 Menus & Venues restaurants, along with 7 franchise-owned Urban Outfitters stores and 2 franchise-owned Anthropologie stores
GAP has announced an exciting expansion into the beauty and accessories markets, reinforcing its goal of becoming a high performing house of iconic American brands that shape culture and style.
LULU also announced that Chief Information Officer Julie Averill will leave the company in September after eight years. McDonald thanked her for building a strong technology foundation and wished her success in her next chapter.
The global apparel and footwear industry is witnessing consistent growth due to the rising millennial population, increasing disposable income, the increasing influence of western culture, growing internet penetration, continuous launch of altering fashion at lower prices supported by aggressive branding, and changing preferences of the younger generation.
The global apparel industry generated $1.3tn in 2023. The revenue in the apparel market worldwide is estimated to reach a $1.79tn in 2024.
Theglobal sports wear market size attained a value of nearly $313.22bn in 2023. The market is further expected to grow at a CAGR of 6.6% between 2024 and 2032, to reach a value of around $558.14bn by 2032.
In 2024, Sweden’s apparel and footwear market saw modest retail value growth, though retail volume slightly declined. The market is projected to reach around $9bn by 2025, with an annual growth rate of 2.02% from 2025 to 2029.
The global apparel industry generated $1.3tn in 2023. The revenue in the apparel market worldwide is estimated to reach a $1.79tn in 2024