SGIE 2022 Report: Modest fashion
Muslim spend on fashion increased 5.7% in 2021 and is slated to grow 6% annually over the next four years as High Streets and fashion shows recognise this crucial market.
High Street retailers and fashion houses are witnessing increased sales in modest garments as the industry has adapted and rising vaccination rates in developed countries have underpinned turnovers.
DinarStandard’s State of the Global Islamic Economy Report 2022 reflected modest fashion had been performing well before the COVID-19 global pandemic, but akin to the rest of the fashion industry, saw a decline during its height.
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