Are Fast Fashion’s Giants More Vulnerable To Coronavirus Than Other Retailers?
While fashion retailers of all sorts watch to see how the global spread of covid-19 will hit their businesses, fast fashion’s two giants—H&M and Inditex, owner of Zara—could be particularly vulnerable, according to an analysis by financial firm UBS. Last month, UBS sent a research note to clients looking at the European retailers at greatest risk from the new strain of coronavirus. Topping the list were H&M, Inditex, and British home-furnishings retailer Dunelm. UBS based its analysis on the company’s share of sales from China, the total value of products it manufactures in the country, and how quickly inventory turns over, weighting each according to its potential impact to produce the index below. Read more at Quartz.