The total market value of stocks in the “fashion” apparel index has risen more than 12% over the past 32 months. Such growth beats the general quotes of such indices as DOW Jones, FTSE, Nikkei and many others. The International Fashion Industry Index a year ago began trading at 1,000 points and closed them on June 4 at 1,320 points.
Compared to the growth of other indices, the fashion industry has proven to be the most profitable investment in 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 top 10 fastest growing companies in the capital market are: 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 collected by retailers, wholesalers and online sellers of clothing. Companies listed on the trendy market are not at all the largest in the world, they are represented in the index, thanks to the weight of their securities, based on market capitalization, which is calculated on June 30 each year. The site fashionunited.ru writes about this.