Uniqlo is Not The Gap
Just so you are aware, Uniqlo is not the “new” Gap. “We are not the new Gap,” a Uniqlo brand representative told the Wall Street Journal. “We are not style-driven, we do not believe customers need advice on dressing themselves—they are smart enough to make their own choices.”
So, who is their exact competitor. Apparently, they’re fighting against the iPads and iPhones of the world because it’s an unexpected adversary. “Our competitor is Apple. We don’t see ourselves as having competitors in the fashion-retailing space.”Uh, okay?
U.S. Retailers Play Catch-Up
After years of losing customers to Europe-based retailers that give young shoppers fresh fashions more quickly, U.S. clothes retailers are fighting back. To pick up speed, companies like Gap Inc, American Eagle Outfitters and Macy’s Inc are placing smaller orders in more factories, and waiting until the last minute to say what colors and cuts the fabric should take. They are also slashing the time clothes spend in warehouses, industry experts said.
Robert Hanson, American Eagle’s new chief executive, is looking for ways to cut down on delivery times and respond faster to styles and trends. Macy’s is trying to speed its decisions on what clothes to put on its shelves for young women and planning to speed up decision making on buying and stocking clothes it offers to shoppers between the ages of 13 and 30, an effort clearly aimed at winning young shoppers back from fast fashion chains. How much further U.S. fashion retailers can go, or should go, in the quest for speed is a question that involves everything from margins to corporate culture and a reliance on cheap but distant Asian manufacturers.
While still a small presence in America, H&M and Zara have doubled their footprint to 1 percent of the fragmented U.S. marketplace, according to Euromonitor International.
Forbes Ranks the Big Beauty Spenders
You probably have tons of these products already in your beauty drawer. Well, there’s a reason for that. Forbes has recently ranked the the top ten beauty brands in the world based on how much money the companies are worth.
In order, they are:
- Estee Lauder
Estee Lauder had the highest jump from last year (22 percent), while Nivea had the biggest drop (15 percent). See any you actually don’t have?
– Taneisha Jordan
Source: WSJ; Forbes; OrlandoSentinel.com
Tags: American Eagle, apple, Avon, Biore, Dove, Estee Lauder, Fashion Headlines, fast fashion, Forbes, Gap, H&M Europe, L'Oreal, LancÃ´me, Macy's, Neutrogena, Nivea, Olay, Shiseido, U.S. clothes retailers, Uniqlo, Zara