Inside Retail
JULY 28, 2024
Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. per cent of sales.
Inside Retail
SEPTEMBER 13, 2022
We predict retailers in the fast-fashion apparel and footwear sectors within consumer discretionary goods could face significant headwinds over the next few months. Despite some retailers reporting strong sales because of the growth in online sales, net profits declined. per cent decline in net profit after tax.
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Inside Retail
JULY 5, 2022
While Inditex recorded growth across most of its geographic markets with revenue and net profit increasing 36 per cent and 80 per cent, respectively, in China – where 67 stores were affected by Covid-19 restrictions – the Spanish retailer experienced the reverse fortune.
Inside Retail
JANUARY 31, 2023
H&M and LVMH target very different sectors of the fashion industry. The former, a fast fashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its net profit declining by about 68 per cent.
Retail Gazette
OCTOBER 3, 2024
Shein is preparing to start early, informal investor meetings in the coming weeks for its planned London initial public offering (IPO), as the fast fashion giant steams ahead with preparations as it awaits UK regulatory approval. The Shein share offering would provide a much-needed lift to London’s sluggish IPO market.
Inside Retail
JANUARY 28, 2022
In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5 H&M grew its online business by 24 per cent last year to the point e-commerce now accounts for about one-third of its total sales.
Retail Gazette
SEPTEMBER 13, 2023
It posted a net profit of £2.1bn for the six months to July 31 as the group widened its lead over Swedish rival H&M. It would now focus on low-impact fibres, supply chain transformation, biodiversity and circularity initiatives, as fast-fashion retailers face growing pressure to cut waste. Revenues rose 13.5%
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