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Across major markets, confidence remains fragile. And because fashion sits squarely in discretionary territory, it is often the first category to reflect emotional and financial uncertainty. What we are seeing now is not a retreat from fashion, but a structural shift in how value is defined, how loyalty is earned and how growth will be captured.
A low-growth reality check
for your first 30 days then pay $19 per month
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
