Retailers’ Ramadan phenomenon
Modesty dressing is officially chic. Sure, there are editorials of barely covered Gigi Hadid and other models in every magazine but retailers’ eyes are being attracted elsewhere, to the lucrative world of Islamic fashion.
In 2013, Muslims spent $266 billion on clothing, says a report by Thomson Reuters. To put it in perspective, Fortune.com noted that the amount was more than the total spending on fashion for Japan and Italy combined of that year.
That’s real spending power—and major retailers are noticing.
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Amina Akhtar