Apparel and beauty firms are eager to find new global markets with burgeoning fashionistas, especially in the all-important Far East. With Japan’s economy recovering slowly, the hunt is on for the next big spenders. No one in the region matches...
Apparel and beauty firms are eager to find new global markets with burgeoning fashionistas, especially in the all-important Far East. With Japan’s economy recovering slowly, the hunt is on for the next big spenders. No one in the region matches Japan’s per capita spending of $24,900 in 2000, but there may be other opportunities. Meanwhile, growth in the developed West remains modest.
The 10 advanced countries with the fastest growing economies(Measured in percentage increase of gross domestic product or GDP)
Ireland’s economic growth has consistently been among the highest of the Organization for Economic Cooperation and Development countries. Credit the favorable demographics and young population. Per capita spending in 2000: $21,600.
Before Greece dumped the drachma for the euro, the country was plagued by high inflation. The new currency forced the government to balance the budget and slash the deficit. Per capita spending in 2000: $17,200.
Luxembourg has a stable, high-income economy and an industrial sector dominated by steel. The country is one of the most successful in the world at attracting foreign investors. Per capita spending in 2000: $36,400
Since 1996, the year pro-business President Jose Maria Aznar came into office, Spain’s economy has grown faster than that of any large EU nation and consumer spending increased. Per capita purchasing power in 2000: $18,000.
Australia’s economy emerged virtually unscathed from the crisis that engulfed the Asia-Pacific region in the late Nineties. Deregulation spurred productivity and growth without igniting inflation. Per capita spending in 2000: $23,200
The country’s heavy dependence on trade leaves it vulnerable to economic conditions in other parts of the world, so the government is trying to improve ties with large market countries like the U.S. Per capita purchasing power in 2000: $17,700.
There was strong consumer spending in the first three quarters of 2001, but that confidence began to wane in the fourth quarter. The French aren’t ready to give up their croissants and couture yet, however. Per capita spending in 2000: $24,400.
Fiat’s troubles are Italy’s troubles. The ailing car manufacturer dominates Italy’s economy, accounting for 5 percent of the gross domestic product and 25 percent of sector workers. Per capita spending in 2000: $22,100.
Every fashion company dreams of tapping the market in China — the world’s fourth-largest trading power. Shanghai has 17 million trend-conscious and affluent consumers. Per capita spending in 2000: $12,000.
The former Communist country has embraced a market-based consumer-driven economy. Consumers are hooked on a localized version of "Wheel of Fortune" and city-dwellers carry cell phones. Per capita spending in 2000: $1,900.
Myanmar’s long-term economic prospects are good due to the country’s broad range of natural resources. Problems include political instability with charges of sweatshop labor. Per capita spending in 2000: $1,500.
Economic growth in Indonesia is fueled by the expansion of agricultural output and healthy domestic spending. Luxury boutiques and fancy new cars in Jakarta attest to the strong consumer demand. Per capita spending in 2000: $2,900.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast