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. 

The uncertainty that has been installed in foreign trade for a couple of years has forced a shift towards mature markets that now show a slowdown in their economies and a break in their retail trade.

The Government of the country has launched a plan to develop its textile industry with the objective of becoming the next textile factory of the planet.

The attack on a major hub of Saudi Arabia’s oil production has shaken up the fashion industry. Short-term, companies fear a rise in logistic prices and, long-term, an even bigger effect on its main raw material: polyester.