The total market value of shares included in the “fashionable” index of clothing companies over the past 12 months has increased by more than 32%. Such growth hits the general quotes of indices such as DOW Jones, FTSE, Nikkei and many others. The index of the international fashion industry a year ago began bidding from the mark at 1,000 point and on June 4 closed them at the mark at 1,320 point.
Compared to the growth of other indices, the fashion industry has proven to be the most profitable investment over the last 365 days.
In Russia, the RTS index grew by 46%. The reason for this sharp jump was the successful development of the companies included in Fashion United Top100, and a significant increase in their market share. The entire fashion industry market has grown by an estimated 2,5%, mainly due to demand in China and India. Despite the increase in cotton prices, profitability increased due to savings on production scales, due to more efficient IT systems and logistics.
The top10 fastest growing companies in the investment market included: 235% Fossil, 200% Lululemon Athletica Inc., 179% Asos.com, 142% DILLARD'S, INC., 130% Under Armor, Inc., 119% French Connection, 119% Abercrombie & Fitch, 118% Yoox, 106% Hugo Boss AG, 106% Tiffany & Co.
The index includes seven new companies, including Prada SpA, TOD's from Italy, Gerry Webber from Germany, Mulberry and Supergroup from England.
Taking into account the needs of a rapidly developing economy, the FasionUnited Top100 index added to its list the Brazilian star Cia Hering, whose main activity is the production and marketing of textiles, fabrics, knitwear and clothing in general. The company produces four brands: Hering, Hering Kids, Dzarm and PUC, and sells these brands to franchised and multi-brand retailers. Last, but not least, American Express Inc. Of particular note are those seven companies that, according to July 1 data, will leave the TOP100 index. In most cases, their departure is due to corporate changes that forced them to stop trading, or their narrow niche focus. Gymboree, J Crew Group and Timberland fall into the first category, while Skechers, Crocs and Wolverine World Wide, compared to other fashion brands and clothing companies, are too focused on footwear production. The last person to leave the Top100 Index list is Pacific Sunwear of California, too small to compete with other companies in the index.
FasionUnited Top100 is a capitalization index for retail, wholesale, and online clothing retailers. Companies whose shares are listed on the “fashionable” market are not the largest in the world at all, they are represented in the index, due to the weight of their securities based on market capitalization, which is calculated on June 30 of each year. This writes the website fashionunited.ru.