Industria de Diseno Textil

American consumers have long been renowned for their spending power. Now global retailers want a bigger slice of the action. American consumers have long been renowned for their spending power. Now global retailers want a bigger slice of the action. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Shein is getting buzz, but how sustainable is fast fashion as a business model? Shein is getting buzz, but how sustainable is fast fashion as a business model? FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

For years, Zara owner Inditex SA ITX -5.11% vied with H&M HM.B -8.47% Hennes & Mauritz AB for global fast-fashion supremacy. Now, the Spanish retailer is pulling ahead of its rival, partly as its pricier offering has set it farther apart from new low-price, online competitors such as Shein.The perception among shoppers that Zara is more upmarket than H&M has also given the brand more leeway to increase…

Zara owner Inditex SA reported a rise in sales and profit as shoppers flocked to the fashion giant’s stores despite growing economic uncertainty. The Spanish retailer, which also owns the Massimo Dutti and Bershka chains, on Wednesday said net profit for the nine months to Oct. 31 rose 24% from a year earlier to 3.1 billion euros, equivalent to $3.3 billion. Sales increased 19% to €23.1 billion, topping the €19.8 billion it reported for the same period in prepandemic 2019. Zara owner…

Online retailer Shein is on track to generate revenue of $24 billion this year, according to people close to the company, putting it within striking distance of the world’s largest fast-fashion giants—just a decade since its founding.Shein, which was started in China and is now based in Singapore, has grown rapidly thanks to a unique business model that has enabled the company to sell a large assortment of apparel at ultralow prices and respond quickly to shifting fashion trends. Women’s tops retail on its website for as…