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23.06.25 - 18:42
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M&S fashion rivals ′benefited from its pause on online orders after cyber-attack′ (The Guardian)
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Marks & Spencer's sales slumped, while Next, Zara and H&M experienced pickup, analysts sayNext, Zara and H&M all benefited from extra sales when their rival Marks & Spencer was forced to halt orders on its website for almost seven weeks after a major cyber-attack that weighed on its own sales.Clothing sales at M&S slumped by a fifth in the four weeks to 25 May compared with the same period a year before after the website, which usually accounts for a third of M&S's clothing and homeware sales, stopped taking orders. Sales had soared 11.5% in the prior three months, according to the latest figures from analysts at Kantar. Continue reading......
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05.04.25 - 09:42
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It could set the industry back 50 years: fashion braces for impact of Trump tariffs (The Guardian)
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From farmers to designers, the entire supply chain will be hit – but it is unclear what duties apply to a finished productFirst it was steel producers. Then automobiles. Now the fashion industry has been left reeling from Donald Trump's announcement on Wednesday that he was imposing tariffs on more than 180 countries including severe levies aimed at some of fashion's biggest manufacturing regions.Trump's “liberation day” tariffs included a 10% duty on all imports to the US but “worst offender” countries – those with whom America has bigger trade deficits – face a higher rate. Several of these are key to fashion's supply chains. China, where everyone from Prada to Zara outsource production, faces a 54% duty. Vietnam, where more than half of Nike's footwear was produced last year, will be subject to a 46% tariff. Pakistan, a key manufacturer of denim items, will be hit with a 29% duty. Bangladesh, where garment manufacturing makes up to 80% of its total exports, will be subjected to 37% l...
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12.03.25 - 16:00
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Poor sales at Puma and Zara owner fuel fears of slowing US consumer demand (The Guardian)
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Inditex shares plunge as some analysts say data suggests falling demand across Americas amid tariff uncertaintyBusiness live – latest updatesUnexpectedly poor results from sports brand Puma and the fashion group Inditex, which owns Zara, have fuelled fears about slowing consumer appetite in the US amid uncertainty over Donald Trump's tariffs.Shares in Puma dived by more than a fifth as the company put out a trading statement warning that sales growth this year would be slower than hoped as “geopolitical tensions and macroeconomic challenges will continue, especially trade disputes and currency volatility, which is expected to weigh on consumer sentiment and demand”. Continue reading......
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12.03.25 - 08:57
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Zara-Mutter 2024 weiter gewachsen - Schleppender Jahresstart (Reuters)
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Nach dem teils rasanten Wachstum der vergangenen Jahre warnt die Zara-Mutter Inditex vor einem Abflauen der Nachfrage nach seiner Mode. Vor allem in den USA - dem zweitgrößten Markt für Inditex nach Spanien - könnte der Textilkonzern mit seinen Marken Zara, Pull & Bear, Massimo Dutti und Bershka auf eine schwächere Nachfrage treffen, erklärte Konzernchef Oscar Garcia Maceiras am Mittwoch gegenüber Analysten. Der Handelskrieg mit China, Mexiko und Kanada hemmt die ohnehin verhaltene Konsumlaune der US-Verbraucher.. --- Im Ende Januar beendeten Bilanzjahr 2024 erzielte Inditex Rekordwerte: Die Erlöse stiegen währungsbereinigt um 10,5 Prozent auf 38,6 Milliarden Euro. Das operative Ergebnis (Ebitda) legte um 8,9 Prozent auf 10,7 Milliarden Euro zu und der Nettogewinn um neun Prozent auf 5,9 Milliarden. Die Aktionäre sollen eine Dividende von 1,68 Euro je Aktie erhalten, neun Prozent mehr als im Vorjahr..
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