Fast Retailing Hasn’t Decided to Join Bangladesh Safety Pact

Uniqlo's Nanjing Road West Store in Shanghai | Source: Fast Retailing

TOKYO, Japan — Fast Retailing Co., Asia’s largest clothing retailer, hasn’t decided if it will join a safety pact to improve fire and building safety in Bangladesh following the country’s worst industrial disaster.

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On Fleeting Hong Kong Trips, Chinese Make Frugal Fashionable

Source: Reuters

HONG KONG, China — Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.

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The China Edit | Shanghai Tang, L’Oréal Expands, Uniqlo Performs, Triple-Major, Made-in-Asia Luxury

Inside the Shanghai Tang Mansion on Duddell Street | Source: Shanghai Tang

Today, we bring you the first instalment of The China Edit, a weekly curation of the most important must-read fashion business news and analysis from and about the world’s largest luxury market.

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Inditex E-Commerce Sales Soar

Zara store | Source: Courtesy

LONDON, United Kingdom — According to an estimate released this week by Credit Suisse, Inditex, the Spanish company that owns ‘fast fashion’ giant Zara, will achieve online sales of over 600 million euros in 2013, almost double that of 2012, the results of which will be announced next week.

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Fast retailing profit jumps, M&S plunges, Skinny jeans, Fashion darling, Uncomfortable truths

Uniqlo Spring/Summer 2013 Men's Lookbook | Source: Fashion Bears

Uniqlo-parent lifts forecast as Q1 profit jumps (Reuters) “Fast Retailing Co raised its annual profit forecast to a record after sales rose at home outlets of the Japanese retailer’s flagship Uniqlo casual clothing chain and price cuts and chilly autumn weather spurred a quarterly profit jump.” Marks & Spencer loses £270m stock market value (Guardian) “Almost £270m was wiped off the stock market value

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Fast fashion fatigue, Hermès forecasts, Yoox results, Mideast online promise, Westwood’s passion

Undercover for Uniqlo Autumn/Winter 2012 | Source: Hypebeast

Gap Gains With Zara Responding to Fast-Fashion Fatigue (BusinessWeek) “Call it fast-fashion fatigue. Millennials, after years of settling for apparel retailers’ downgraded fabrics and workmanship, are pushing for higher- quality clothing again, and chains are getting the message. Gap Inc., the biggest U.S. specialty-apparel retailer, and Fast Retailing Co. Uniqlo are able to charge more for better basics.” Hermès lifts

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Uniqlo.com’s US launch, Coach rebounds, Puma profits slump, Pinault’s POV, Nicola Formichetti

Uniqlo.com screen shot | Source: Uniqlo.com

Uniqlo.com to the Rescue of Middle America (Business Week) “Uniqlo, the Japanese clothes giant, launched an online shopping site in the U.S. this week. This may not seem like important news to many, but to a certain American consumer—think very well-dressed, without much money, and living between the coasts—it is like a food drop from a Marshall Plan plane in 1940s Berlin.” Coach bags an earnings rebound (FT)

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