While Black Friday is the biggest shopping day of the year in the United States, bringing in over 65 million dollars last year, there is another, even larger-scale shopping holiday that many don’t know about: Singles Day.
globalEDGE Blog - By Author: Paris Carter
Publish Date:
The podcast industry has grown astronomically worldwide over the past couple of years. Its popularity took off during the height of the pandemic, when many people found themselves with lots of free time to listen to and record podcasts, and it has been taking off ever since. The ability to listen to podcasts while doing chores, cooking, and driving creates an immense amount of flexibility for listeners. It can be put on in the background of almost any task, drawing more people in towards audio content.
Publish Date:
For all of the television and film fanatics out there, you have our sympathies. You may have experienced boredom the past few months after Hollywood screenwriters and actors went on strike for almost five months. The effects of the strikes go beyond boredom, however, and hold many implications for the international entertainment industry.
Publish Date:
While the words "accessible luxury" may first appear to be an oxymoron, the concept has grown vastly in the past few years. The definition is pretty broad, but typically, accessible fashion includes better quality material and craftsmanship; however, their products are not quite as expensive as the stereotypical luxury companies such as Gucci or Louis Vuitton. Some popular accessible luxury companies include Calvin Klien, Coach, J Crew, William Sonoma, and MAC.
Publish Date:
The influence sustainability has on the global market is rapidly increasing. As more and more people value the environmental impacts of their purchases, demand for sustainable fashion is quickly increasing. Companies that incorporate sustainable initiatives into their products have the potential to grow significantly in the near future. As of 2022, 78% of consumers in the Netherlands incorporate sustainability into their purchasing decisions. Additionally, younger generations value sustainable products more than earlier generations, with Generation Z valuing them the highest. 75% of Generation Z value buying sustainable products over purchasing name-brand products.
Publish Date:
It is a turbulent time for the job market of the tech industry. Many companies’ demand for workers in this sector has changed drastically over the past few years. In 2020, various tech industries took part in hiring sprees in response to the surge in consumer demand for digital goods and services that skyrocketed due to the pandemic. Additionally, many companies hired new employees on a full-time salary instead of on contract.
Publish Date:
The Music Tourism Market, which took a big hit due to the Covid-19 pandemic, is now rising rapidly. Music tourism refers to traveling to a destination with the specific intent of going to a concert or music festival. Hosting an event related to music is very beneficial and lucrative for the host cities as many people will support their local economy by going out to eat and sightseeing while there for the event they’re attending. Along with this, the allure of traveling to a new place commonly motivates people to attend concerts and music festivals abroad. In 2022 the Music Tourism Market was valued at 5.5 Billion USD, and the market only continues to grow; FMI predicts it will reach 11.3 Billion USD by 2032.