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.
Just four months after the Japanese retail giant surpassed the Spanish fast fashion behemoth to nab fashion’s highest market capitalisation, the tables have turned, Nikkei Asia reports.
Fast Retailing’s market cap was just over 8.7 trillion yen ($79.4 billion) as of Wednesday, lagging far behind Inditex’s value of 100 billion euros ($121 billion).
When Fast Retailing last outpaced Inditex in February, the Asian markets were recovering more rapidly than those in the West; now, sluggish vaccine rollouts in countries like South Korea and Japan have become a stumbling block for Uniqlo, while swifter programmes and re-openings in markets like the US and UK are boosting sales for Inditex.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.