
H&M's sales were running only 3% down this autumn until the latest wave of lockdowns forced its stores to close again. But its figures for Q4 and the full year show it's managing fairly well in a tough year.
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H&M's sales were running only 3% down this autumn until the latest wave of lockdowns forced its stores to close again. But its figures for Q4 and the full year show it's managing fairly well in a tough year.
The world’s biggest fashion retailer may have seen a 14% sales fall in the three months to the end of October, but the company was firmly profitable and remains a powerhouse in global retail.
Zara has radically upsized its presence at Landsec’s giant Bluewater mall in Kent with the 37,000 sq ft space also representing the UK debut for its global flagship concept.
The Trump administration expanded economic pressure on China’s region of Xinjiang, banning cotton imports from a powerful organization that it says uses the forced labor of detained Uighur Muslims.
Digital fashion giant Asos has been busy on two fronts, announcing on Thursday a major new executive appointment and a partnership to launch a new international payments system.
Ikea's shopping malls business said its expansion plans remained on track with visitors quickly returning to its premises after the lifting of coronavirus-related lockdowns which had forced stores to close.
Spanish group Inditex’s flagship brand Zara has launched a new line of lingerie including bras and pyjamas. The line launched online on October 22.
The Brazilian footwear group has appointed Frederic Levy as president of newly created Havaianas International. He will be in charge of all markets outside Brazil, with the mission of driving the group’s global growth.
Inditex’s flagship brand is expanding in Asia with the opening of its largest regional store in Beijing. The new location spreads across 3,500 sq m over four floors. Zara first launched in China in 2004.
China's Shein may be the biggest shopping site you've never heard of. The fast-fashion player is encroaching on the territory of more established rivals like Zara and H&M.