Fashion Network analyses IADS insights on post-pandemic retail trends

Fashion Network has published an article detailing IADS' Global Department Store Monitor report, which shows a global decline in department store activity by 1.6% for the 2023/24 period. The report, based on data from 59 department store chains, attributes this decline to significant market uncertainty, sluggish economic growth, and unfavourable interest rates. Regional trends highlight stagnation in the Americas with independent stores performing slightly better than group-owned ones, while Asia-Pacific saw declines except in India and the Philippines.

Read the full article on Fashion Network: