Madrid — While major industry leaders here say nobody does it better, there are some heirs apparent nipping at Zara’s heels. How close is the competition? Mango: Spain’s second-largest apparel exporter (women’s only) after Inditex, with 600 stores in 68 countries and forecast retail sales for fiscal 2002 of $1.6 billion. The chain, which manufactures the majority of its merchandise like Inditex, is currently targeting the European market, especially the United Kingdom and France, according to Salvador Vallés, of Mango’s expansion department. "These countries have a potential not yet exploited," he said. In addition, openings are scheduled this year in Bulgaria and Estonia. Last June, the Barcelona-based company opened its first Australian unit for a retail presence on five continents. As for the United States, "We plan to open stores in major American cities by 2005. But nothing is clear yet," said Vallés.Sfera: a new division of El Corte Inglés, Spain’s only department store chain, officially launched earlier this month. Its product mix is similar to Zara’s, with trendy Gen-X women’s, men’s and children’s clothing, innerwear, accessories, cosmetics and a fragrance line at what it claims are "the most competitive prices on the market." To date, nine Sfera units have opened in Spain including three in outlying Madrid malls. A fourth store is planned for the end of this year on Calle Preciados, a shop-heavy thoroughfare in central Madrid, where retail neighbors include Zara and Bershka. Some of the new stores are previous Marks & Spencer locales. El Corte Inglés took over the M&S Spain locations in December of last year. Cortefiel: Spain’s giant apparel manufacturer and retail conglomerate with seven divisions including Cortefiel, women’s/men’s; Springfield and Milano, men’s; Pedro del Hierro and Don Algodón, womens; Women’Secret, lingerie, and Douglas, beauty. Cortefiel operates a worldwide distribution network of 726 stores, plus 169 franchises and 24 retail "corners." There are no U.S. retail outlets, and none are planned — yet. "While we won’t close any doors, our current strategy is to consolidate the European market. So far, nothing is pending in the U.S.," confirmed a Madrid spokesman. On the other hand, Cortefiel has been struggling of late, with a 72 percent drop in net profits in the first nine months of fiscal 2002.
Exclusive: @isabelmarant and @lorealmakeup have teamed up to create a capsule makeup collection. "She is rather natural in the day but doesn't have time to go back home before going out [in the evening] and redo her entire beauty look," said Marant on the 5 products included in the collection, which will launching in September. Read @jenniferbethweil's interview with the designer on WWD.com. #wwdnews #wwdbeauty
After 17 years, Tomas Maier is leaving @bottegaveneta. “I am deeply grateful to him and I personally thank him for the work he accomplished, and for the exceptional success he helped to achieve,” said François-Henri Pinault, head of parent company @kering_official. Head to WWD.com for more on his departure. #wwdnews #wwdfashion (📷: Davide Maestri)
@shaymitchell is no stranger to teaming up with beauty brands, but she’s made her latest partnership official: She’s signed with @buxomcosmetics as global creative brand ambassador, WWD learned exclusively. Mitchell and Buxom will collaborate on campaign development, social media strategy and content and new product and shade development. Read more on WWD.com. #wwdbeauty (📷: @clint_spaulding)
Today we’re at the WWD Retail 20/20 Forum where industry leaders will be talking about the future of shopping for fashion, footwear and beauty. Tune in on Instagram Live at 9 am and 3:30 pm to hear from two of our speakers –– @therealreal’s Rati Levesque and @bandier’s Stephen Ippolito. #wwdsummits (📷: @elizaflorendo)
Seen last night at @coach’s launch party for “Life Coach,” an interactive pop-up in Soho: @joansmalls. Open now, visitors of the pop-up can engage in themes of “creativity and self-expression,” through tarot, carnival games, live performances and art. See the rest of the party pics on WWD.com. #wwdeye (📷: @vnina)
“We figure there’s enough cynicism to go around the world right now let’s go out there and be ourselves, let’s be enthusiastic, let’s have positive energy, which is something I think a lot of people really want and need right now,” said musician @joshgroban ahead of hosting the Tony Awards with @sarabareilles. Read @leighn’s interview with Groban on how he picked his look for the night, his next record and more on WWD.com. #wwdeye #tonyawards (📷: @vnina)
“Rock as an attitude and not a uniform. Street as a style and not just clothing. Sportswear as the new normality,” @paul_surridge said of his first @roberto_cavalli men’s wear collection, previewed here. The British designer joined the brand as the creative director in May 2017, and is gearing up to unveil his debut for the label with a runway show at the Florence Charterhouse on June 13 at #PittiUomo. Head to WWD.com to read more about his collection and see more sneak peek photos. #wwdfashion (📷: @simonelezzi)