Uniqlo has just announced that it will this year open in giant rival H&M’s backyard with a debut in Sweden. It will actually be its first entry in the Nordics region and will start with a store in key market Stockholm.
Deloitte’s Global Powers of Retailing ranking 2018 shows that US retail giants are losing their grip on the international market, while e-commerce, European fast fashion and sportswear brands are all gaining ground.
Primark has tapped a former Zara chief to head its womenswear division. Paula Dumont Lopez, who was named New Look’s new chief executive last year but never took up the role, will join Primark this month.
The Spanish group has named Antonio Flórez to head up its youth fashion brand, replacing Marco Agnolin, who has moved over to Diesel. Bershka is the group's second best-selling brand after its retail darling Zara.
Inditex may have beaten the tough market in its latest period but fellow giant H&M hasn’t done so well. It said that while it “continued to grow globally during 2017 in a rapidly changing industry,” Q4 sales dropped.