The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Woolworths, which owns Australian department store David Jones, has resumed dividend payouts after a 212.5 percent boost in its annual profit signalled its recovery from the Covid-19 pandemic, Reuters reports.
The retailer declared a final dividend of 66 cents per share, a 25.8 percent drop from last year’s figure. Sales of fashion, beauty and home goods rose 3.5 percent and gained momentum in the second half of the year.
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This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.