Luxury retail still has winners – if you pick wisely
As another of our stories today demonstrates, things are tough for retailers at the moment. However, that doesn’t mean that all retailers are suffering: there are some great companies – many of which are managing the shift between offline and online sales remarkably well – in the luxury space. Three of the best, Christian Dior, Nike and Inditex, have been revealed as the largest apparel companies in the world. And they are all held in Dominion’s Luxury Fund.
Dior, Nike and Inditex are beating the market this year
SOURCE: Yahoo Finance
Forbes, which is responsible for the list of the world’s largest apparel retailers, says that they are “measured by a composite score of revenues, profits, assets, and market value”. And the three top dogs were not the only Dominion holdings to get a mention in the 28-company strong report.
Christian Dior, the share price of which is up almost 30% so far this year, took number one spot again this year. The company saw an incredible $43.6 billion in sales and $1.95 billion in profit for the year, and has $68.3 billion in assets.
Coming second was Nike, which has seen its share price appreciate by 6% so far this year. Famous for its lengthy list of celebrity endorsements, including Michael Jordan, Serena Williams and Roger Federer, the company managed $33.8 billion in sales with a profit of $4 billion in 2017.
The third largest is Inditex (which also, this year, became the biggest company ever to list on the Spanish exchange). Parent company to popular fast fashion brands Zara and Massimo Dutti (amongst many, many, others), Inditex brought in $25.7 billion of sales with a profit figure of $3 billion.
Just goes to show: there are still winners out there, if you know how to pick them.
All the companies mentioned in this article are held within Dominion’s Global Trends Luxury Fund.
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