Modaes

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Modaes is Spain’s leading business news outlet covering the fashion industry. Founded in 2009, Modaes was created to serve as the go-to tool for fashion professionals in the country to stay informed about the industry and make better business decisions.

News by Modaes

In a unanimous decision, the board of Spanish department store has named Cristina Álvarez as the non-executive chairwoman of El Corte Inglés, effective January 15th, 2026, as Marta Álvarez continues her involvement with the group.

Affordable fashion titan strengthens its footprint in Italy with the launch of a sprawling 872,000-square-feet logistics center in Alessandria and the opening of its 20th store, after allocating over €6.5 million in Biella.

America’s leading sports equipment company sealed the deal with Foot Locker in Q3, kickstarting a sweeping transformation of its management, operational strategies, and store chain.

After a record-breaking profit in 2024, the urban fashion company rides the wave of success with another promising year. By October 31st and throughout the first nine months, every segment of its portfolio expands.

In the first nine months of the year, the retail’s fashion sales surged to $222.72 billion, marking a 5.2% increase from last year, outpacing the overall retail sector’s growth rate of 4%.

The McKinsey&Company partner delves into the pivotal aspects of the fashion industry amidst the surge of new technologies impacting both businesses and consumers, forecasting the next revolution driven by Artificial Intelligence.

The American company reports a 14.18% decline in net income, with profitability facing downward pressures from the group’s investment levels, while sales reached $1.29 billion.

After a rapid ascent last year that saw the Spanish group leap into the top 3, growth has tempered. LVMH remains at the summit, while Hermès slides to third place.

The French luxury titan is set to launch a new investment vehicle geared towards identifying and funding emerging brands. This strategic unit is pivotal in the group’s plan to diversify beyond Gucci and unlock new growth avenues.

The conglomerate behind Mytheresa, Net-a-Porter, and Yoox’s discount division appoints a fresh face to drive luxury e-commerce growth, while Michael Kliger retains his position as CEO.

Sports powerhouse locks in leadership at Foot Locker following its acquisition last May. Matthew Barnes takes the helm in Europe, Asia, and Australia, reporting directly to Ed Stack, executive chairman of Dick’s.

Poised for growth, the Spanish firm has launched an operation, with intentions for additional issuances, to support its expansion efforts in Portugal and Guatemala, and enhance its capital base.

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Modaes | News by Modaes | Modaes Global. Modaes is Spain’s leading business news outlet covering the fashion industry. Founded in 2009, Modaes was created to serve as the… - Modaes Global.

Modaes

News by Modaes

El Corte Inglés Leadership Shift: Cristina Álvarez Takes Over Presidency from Sister Marta

Modaes

26 nov 2025 - 14:06

Primark Strengthens Supply Chain in Italy, Opens First Alessandria Center

Modaes

26 nov 2025 - 12:43

Dick’s Sporting Goods Sees 36% Boost in Q3 Following Foot Locker Integration

Modaes

26 nov 2025 - 07:28

Urban Outfitters on the Rise: Robust Double-Digit Growth in Third-Quarter Earnings

Modaes

26 nov 2025 - 07:25

Fashion Sales Growth Slows in U.S. with 8% Annual Increase for September

Modaes

26 nov 2025 - 07:21

McKinsey’s Carlos Sánchez Altable on Fashion and How Algorithms Face Tough Terrain

Modaes

26 nov 2025 - 05:00

Abercrombie Faces 14% Profit Dip in Third Quarter Due to Tariff Impact

Modaes

25 nov 2025 - 13:59

Inditex and LVMH Climb as Hermès Drops to Third in IMD Future Preparedness Rankings

Modaes

25 nov 2025 - 13:50

Kering Unveils ‘House of Dreams’: Luca De Meo’s Investment Arm Targets Modern Luxury

Modaes

25 nov 2025 - 07:52

LuxExperience Strengthens Leadership: Appoints New CEO at Mytheresa

Modaes

25 nov 2025 - 07:50

Dick’s Finalizes Foot Locker’s Leadership: Matthew Barnes Named International President

Modaes

25 nov 2025 - 07:48

Nextil Secures €9.2 Million via Promissory Notes to Fuel Growth in Guatemala

Modaes

25 nov 2025 - 07:22