As growth in China slows, tapping post-recovery America is rising to the top of the fashion industry’s agenda.
Getting the right fashion products to the right sales channels can be a highly complex process. In the final instalment of a three-part series supported by Lectra, The Business of Fashion traces the path of a product from factory to store, uncovering how technology and data are playing an increasingly important role in helping companies synchronise their supply chains.
Carlos Slim, following the lead of fellow billionaire Amancio Ortega, is freshening up his Sears outlets in Mexico with an of-the-moment sense of style in a bid to boost profits.
Inditex SA, Europe’s largest clothing retailer, reported first-half profit that topped analysts’ estimates as the Zara owner expanded outside its home market and boosted online sales.
CARACAS, Venezuela — On the rare day that Zara had clothing to sell in Venezuela, the fast fashion was disappearing even more quickly than usual.
MADRID, Spain — Spanish fashion retailer Inditex, which owns Zara stores, says its net profit fell by 7.3 percent in the first quarter as a strong euro dented earnings in other currencies.
CAPE TOWN, South Africa — Woolworths Holdings Ltd. of South Africa is using a $2 billion takeover of Australia’s David Jones Ltd. to challenge fashion retailers Inditex SA, Hennes & Mauritz AB and Fast Retailing Co. in the southern hemisphere.
ARTEIXO, Spain — Inditex SA, the Spanish owner of the Zara clothing chain, reported its slowest profit growth in five years, as global currency fluctuations weighed on sales.
SINGAPORE, Singapore — Cotton On Group, a clothing chain with 1,300 stores globally, said it will invest in China to step up its overseas expansion and challenge the dominance of Fast Retailing Co.’s Uniqlo and Hennes & Mauritz AB.
NEW YORK, United States — In the past five years, Inditex has shifted almost $2 billion in profits to a tiny unit operating in the Netherlands and Switzerland, records show. Although that subsidiary employs only about 0.1 percent of Inditex’s worldwide workforce, it reported almost 20 percent of the parent company’s global profits last year, according to company filings.
SYDNEY, Australia — David Jones Ltd., Australia’s second-largest listed department store company, rose the most in two months after it said it received a merger proposal in October from larger rival Myer Holdings Ltd. that it rejected.