Colombiamoda 2017 Nets US$179 Million in New Business
Medellin-based national textile/fashion-industry trade group Inexmoda announced July 27 that the just-concluded 28th annual “Colombiamoda” show – the leader of its type in all of Latin America — generated US$179 million in new business.
However, that figure was down more than 50% from last year’s version — mainly as a result of this year’s economic downturn in Colombia and nearby markets, including the catastrophic socio-economic situation in neighboring “socialist” Venezuela and a sharp recession in neighboring Ecuador.
While disappointed by the sales commitments – measured and audited by Invamer Gallup — Inexmoda leaders nevertheless pointed to the positive impacts of the show, which included 56,800 visitors, 600 exhibitors, 69 fashion shows, 22 business-trends conferences and 12 technical workshops.
“At this moment in time, the economy of our country displays symptoms of deceleration, and the textile-clothing industry isn’t immune” from the downturn, Inexmoda president Carlos Eduardo Botero explained in a press conference at the show’s conclusion.
“In this edition [of Colombiamoda], business was lower than our expectations. We had a higher percentage of buyers who expressed their intention to buy, but they cut their average ticket in half, which shows that they are being more cautious when investing,” he added.
Of the 23,412 registered attendees to the commercial portion of Colombiamoda, 12,394 were buyers, of which 87% were Colombian nationals and 13% international buyers from 56 countries, according to Inexmoda.
Major highlights of the show focused upon “formal casual” wear, jeanswear, footwear and “complete package” clothing, footwear and accessories. The adjacent “Textiles2” show included 90 exhibitors, including raw-materials suppliers and “complete package” vendors.
High-technology was another major highlight for vendors and buyers, including a business round-table organized by Colombia’s Ministry of Technology and trade-development agency ProColombia.
Sixty-one high-fashion designers and 400 models displayed the latest in fashion at runway shows for 22,800 attendees, including special themes sponsored by Cotton USA, “El Cubo,” “NonStop,” “Moda de Colombia” and many others.
Max Factor, Wella Professionals and Sally Hansen provided make-up and styling services for the fashion models, while electric-power giant Celsia contributed specialized lighting for the runway shows.
Medellin-based Universidad Pontificia Bolivariana (UPB) organized 12 workshops and 22 conferences on fashion-industry and consumer trends, for 10,168 attendees along with 8,300 live-streaming viewers at the adjacent Teatro Metropolitano, according to Inexmoda.
The show also generated US$12.5 million in extra business for local hotels, restaurants, taxis and services, with hotel occupancy hitting 91%, Medellin Mayor Federico Gutierrez added.