The denim industry, once hailed as a fashion superstar, is experiencing a transformation as sustainability concerns take center stage. In the wake of global issues and a shifting consumer mindset, the denim narrative is evolving towards eco-friendly practices and responsible production.
Big Lots, a prominent retail player, is facing a substantial setback in its home textiles category, reporting a staggering nearly $170 million decline in sales compared to 2019. While the latest filing with the Securities and Exchange Commission (SEC) reveals a sequential improvement in soft home sales throughout 2023, the year-over-year comparison paints a challenging picture for the retailer in this particular category.
In a recent revelation, the global denim jeans market is poised for robust growth, projected to surge at a Compound Annual Growth Rate (CAGR) of 6.3 percent from 2022 to 2030, according to the 'Denim Jeans-Global Strategic Business Report' by ResearchAndMarkets.
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