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.
Hypermarket operator, Grupo Éxito, which has over 2,600 stores across its home market of Colombia, as well as Argentina and Uruguay, saw net income of almost $85 billion pesos ($22.13 million) in the first quarter of 2021, according to a Semana report.
The group’s EBITDA stood at almost $307 billion pesos ($80 billion), consolidated revenues decreased 1.9 percent and sales decreased 4.1 percent year-on-year, the latter explained by a rush on supermarkets in March 2020 at the onset of the pandemic in the region, which boosted sales for the same period last year.
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.