Articles by Angela Gonzalez-Rodriguez
Leading fashion brands earn over 245 million dollars in NFTs sales
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Many are the brands that are foraging the Metaverse seeking for new revenue streams. Companies like Nike, Adidas or Tiffany’s have already cracked the code of non-fungible tokens (NFTs) sales, earning more than 245 million dollars collectively. Whilst partnerships with online gaming, investments in property in the Web 3.0., and pushing the...
Democratization: Fashion Weeks’ secret to offset 600 million pandemic loss
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The global fashion industry faces a bumpy road ahead. Not only they have to figure out their own logistics conundrums but to reinvent the supply chain, re-connect with consumers and make up for double-digit decline in revenues. At a global level, the fashion industry posted a 20 percent decline in revenues in the 2019–20 period, with margins for...
Ralph Lauren’s approach to brand equity, Gen Z, and the metaverse
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Over the past months, Ralph Lauren has taken the lead as a trailblazer into new digital markets. From dressing up Emojis to launching exclusive virtual experiences or debuting limited collections for Roblox and Zepeto avatar customers, the quintessential preppy fashion group is taking the metaverse by storm. “We are getting into a new space...
LVMH goes from strength to strength 200 years after Louis Vuitton’s birth
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This year marks the 200th anniversary of the birth of Louis Vuitton, but also a point of inflexion for LVMH. The world’s largest luxury group has recorded 46 percent revenue growth in the first three quarters, delivered record first-half organic growth for its Fashion & Leather Goods division and pioneered the conquest of the future luxury...
Germany’s About You sees stock soar on improved annual outlook
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German online fashion retailer About You YOUG.DE raised its full-year sales outlook on Tuesday citing strong second-quarter revenue growth. On the back of the news, the retailer’s shares outperformed the national benchmark index – DAX – as well as strong players including Puma and Adidas. It’s worth recalling that the retailer went public in...
Inditex's second quarter results divide analysts' opinion
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Inditex registered a profit of 850 million euros and invoiced 6,993 million euros between May and July of this year. These results represent an improvement of 48 percent over the comparable 2020 period and a 1.2 percent jump from the same quarter of 2019. Quarterly revenues not only exceeded market forecasts but have become the second best in...
Value loss and fear of a potential takeover for a CEO-less Burberry
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The abrupt departure of Marco Gobetti from the helm at Burberry has left the luxury group facing a circa one billion pounds’ worth of wind-out market value and the fear of a potential takeover. The FTSE 100 closed lower on Monday dragged by Burberry, which slipped to the bottom of the London’s benchmark index after the resignation of its chief...
U.S. second-hand market to reach 77 billion dollars in the next five years
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Within the next five years, the second-hand apparel market is expected to reach 77 billion dollars, according to a new report. Analysts say that a convergence of driving forces are making shoppers “think second-hand first”. A new research by ThredUp based on GlobalData’s findings confirms the U.S. consumers’ preference for more sustainable...
Ajio’s fashion e-commerce contributes more than a fourth of Reliance Industries’ apparel business
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Online fashion commerce platform Ajio has started to contribute over 25 percent of Reliance Industries’ apparel business, as highlighted by the Indian group’s chairman Mukesh Ambani during the company’s 44th annual general meeting. “Driven by innovation, Ajio now contributes to over 25 percent of our apparel business,” pointed out Ambani....
U.S. market and wholesale drive strong Q4 for Nike
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Nike has topped analysts’ estimates for their fourth-quarter with record revenue driven by record revenue in its U.S. market and their wholesale business. Earnings per share (EPS) also surpassed the market’s forecast (93 cents vs. 51 cents expected.) Nike posted Q4 revenue of 12.3 billion dollars, up 96 percent from last year, and noting...