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.
The value of Uniqlo owner Fast Retailing reached 10.8 trillion yen ($103 billion) at the end of trading Tuesday, exceeding Zara parent Inditex’s 81.7 billion euro ($99 billion) market capitalisation for the first time, Nikkei Asia reports.
Fast Retailing’s stock has climbed since August, spurred by investor confidence in its focus on the China market, WFH-friendly offering and AI-powered omnichannel technology. China, where Uniqlo operates 791 stores, is currently the brand’s second biggest market after Japan. While 60 percent of Uniqlo’s stores are located in Asia, where retail is recovering a faster pace than countries in the West, only around 20 percent of Zara’s store network is in the continent.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.