Fast fashion slowing down?
In the money: Inditex’s resilience masks stunted growth
Despite posting a double-digit increase in first quarter profit this week, Zara operator Inditex dropped below its own average growth rate and…
EUROPE: Primark accelerates international expansion
Cut-price clothing retailer Primark is stepping up its international expansion, unveiling plans to open stores in Portugal, Germany and the…
US: Gap plans retail consolidation to cut costs
Gap Inc is planning to rationalise its retail floorspace as the company continues to trim costs to counteract long-term sales…
SPAIN: Inditex maintains guidance as Q1 profit lifts 10%
Inditex SA, owner of the Zara fashion chain, stood by its full-year like-for-like sales guidance of 4% growth as the company…
US: Gap same-store sales down 14% in May
Same-store sales at Gap Inc tumbled 14% in May as shoppers shunned its Gap, Banana Republic and Old Navy stores.…
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US: Gap Q1 profit rise of 40% outstrips expectations
Gap Inc’s first-quarter earnings increased 40% to US$249m, beating analyst expectations despite a downturn in sales at the clothing retail…
SWEDEN: H&M sales fall in April, but recover in May
Year-on-year sales at Hennes & Mauritz (H&M) fell 1% in April, with the company blaming colder weather for the worse than…
UK: Primark growth continues with 22% H1 profit hike
Primark cemented its position as the UK’s second biggest clothing retailer with a 22% surge in profits in the six…
SWEDEN: H&M monthly sales increase hits two-year low
Retailer H&M posted a sales increase of just 3% in March – the lowest monthly rise recorded by the company…
LITHUANIA: Apranga extends alliance with Inditex
Spanish clothing giant Inditex Group is to expand its Zara fashion chain in the Baltic States after extending its franchise…