Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
New Look has admitted last year was very difficult as it revealed bleak trading results amid external and “self-inflicted” issues. However, it said its turnaround plan is on track to deliver stability for the new year.
The Messe Frankfurt-organized textiles trade shows revealed on Thursday their summer 2018 seminar lineups, with sessions covering sustainability, autumn/winter 2019-20 color and fabric trends, and fashion law.
The value brand said this has been the fastest rollout in retail history. The company wants to be one of the largest clothing retailers in the UK by sales volume and become a £100m annual turnover business.
China is set to return as a major cotton importer, taking 10 million to 15 million bales (2 million to 3 million tonnes) each year by 2019/20, said the head of major trading house Louis Dreyfus Company.