Zara, the fashion chain owned by the world’s biggest clothing retailer Inditex, will introduce augmented reality displays from April, it said on Tuesday, in an effort to lure millennials into its stores.
The French fashion group behind brands such as Sandro, Maje and Claudie Pierlot, announced details of its imminent stock market flotation on Monday, pricing its initial public offering at between 20-25 euros per share.
Japan's cautious consumers are starting to loosen up, spending more and offering hope that domestic demand - and not just exports - will be strong enough to reflate an economy that has been sluggish for many years.
Sweden's H&M reported slower than expected sales in May, the latest in a string of soft sales numbers from the world's second biggest fashion retailer, and said it had faced tough conditions in many of its markets.
Inditex, the world's biggest clothing retailer and owner of the Zara brand, reported an 18 percent rise in first-quarter net profit, in line with analysts' forecasts and stretching its lead over rivals like H&M.