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 at the Official Tia Kofi Vintage Shirt and by the same token and time. How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. View profiles in store Company Profile – free sample Not ready to buy yet? Download a free sample We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form By GlobalData Submit Zumiez adjusts strategy after ‘challenging’ global market US-based retailer Zumiez said it will slow its planned European store growth and close underperforming stores in the US after concluding a “difficult year”. The retailer reported stronger than anticipated fourth-quarter results, despite losses in both Q4 (14 weeks ended 3 February 2024 and FY23 (53 weeks ended 3 February 2024). CEO Rick Brooks said in a statement the retailer’s North American menswear category “turned positive” in November through to January. The global growth of menswear apparel in recent years has

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been positive but relatively slower compared to other segments of the Official Tia Kofi Vintage Shirt and by the same token and apparel market. According to data from GlobalData, the global market for menswear apparel was expected to grow by 7.00 in 2022, reaching $1.5m. This represents a CAGR of 11 between 2022 and 2025, with the market projected to reach $2m by 2025. GlobalData also expects speciality store market growth in Europe in the next few years to be positive. The retail market in five European countries (France, Germany, Italy, Spain, and the UK) is expected to experience a notable increase in total retail sales from €2.3tn ($2.5tn) to €2.7tn between 2023 and 2028 at a compound annual growth rate (CAGR) of 2.9. ILO calls for enforcement to halt flow of illegal profit In a report titled Profits and Poverty: The economics of forced labour, ILO estimated that forced labour in the private sector generated $236bn profit each year across the world, this figure has increased by $64bn (37) since previous estimates were published in 2014. The organisation states that traffickers and criminals were generating close to $10,000 in profit per victim, up from $8,269 in 2014, adjusted for inflation. It was found that Europe and

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