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Shein

Zara owner Inditex’s profit rises 30% to 5.4 billion euros in 2023 on bet on upmarket fashion and competitive prices

by Lionel Rogers
Zara owner Inditex’s profit rises 30% to 5.4 billion euros in 2023 on bet on upmarket fashion and competitive prices

By Reuters API Published Mar 13, 2024 Zara owner Inditex said on Wednesday its net income for 2023 rose by 30% to 5.4 billion euros ($5.9 billion) as the fast-fashion …

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China’s textile industry seeks balance between domestic and international markets

by Lionel Rogers
China’s textile industry seeks balance between domestic and international markets

Translated by Cassidy STEPHENS Published Mar 12, 2024 Along with luxury goods, Chinese sportswear production would appear to be the latest sector to escape the slowdown in the textile-clothing sector. …

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Investors push Zara owner Inditex to publish full supply chain

by Lionel Rogers
Investors push Zara owner Inditex to publish full supply chain

By Reuters API Published Mar 11, 2024 Investors want Zara owner Inditex to follow rivals H&M and Primark in making its full list of suppliers public so they can better …

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Spain’s Mango clothing chain ramps up global expansion

by Lionel Rogers
Spain’s Mango clothing chain ramps up global expansion

By AFP-Relaxnews Published Mar 10, 2024 Spanish fashion retailer Mango, founded 40 years ago in Barcelona, is ramping its global expansion despite economic uncertainties that have shaken some other global …

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Shein to face tough EU online content rules as users in region soar

by Lionel Rogers
Shein to face tough EU online content rules as users in region soar

By Reuters Published Mar 10, 2024 Chinese-founded fast-fashion company Shein is set to face stricter EU online content rules after reporting a huge number of users, joining a group of …

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Chinese shopping app Temu spent $2B on Facebook, Instagram ads

by Edgar Davis
Chinese shopping app Temu spent B on Facebook, Instagram ads

Temu, the Chinese fast fashion brand that has taken e-commerce retail in the United States by storm in recent months, was the biggest ad spender for Meta Platforms’ social media …

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Gap reports upbeat quarterly sales on improving demand for Old Navy apparel

by David Johnson
Gap reports upbeat quarterly sales on improving demand for Old Navy apparel

By Reuters API Published Mar 8, 2024 Gap beat Wall Street expectations for fourth-quarter sales on Thursday, buoyed by strong demand on improved product offerings at its Old Navy and …

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Arnault-backed Razor buys Perch in Amazon ‘aggregator’ shakeout

by David Johnson
Arnault-backed Razor buys Perch in Amazon ‘aggregator’ shakeout

By Bloomberg Published Mar 4, 2024 Berlin-based Razor Group is buying Boston-based Perch in an all-stock deal, accelerating the consolidation of “aggregators” that snapped up popular online brands only to …

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Is Zara the new face of luxury? If the $699 camel coat fits

by David Johnson
Is Zara the new face of luxury? If the 9 camel coat fits

By Bloomberg Published Mar 1, 2024 For years, Inditex SA’s Zara trailed the luxury brands. Top names in fashion would send new styles down the runway, which the retailer would …

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Temu to open site to US third-party vendors

by Lionel Rogers
Temu to open site to US third-party vendors

Translated by Nicola Mira Published Feb 28, 2024 Chinese generalist budget e-tailer Temu, as much criticised as it is dreaded in the USA, is reportedly about to open its site …

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