English
We are approaching the end of the year, although many retailers close their fiscal year at the end of February, taking advantage of the end of sales. It is a year of recovery, and comparable results to the pre-COVID year are optimistic, although the global situation remains unstable. Companies have to deal with a lot of uncertainty, unusual weather affecting sales behavior, and a macro situation that can impact margin loss at any time. Global warming is a reality, and the fashion industry has been more compelled than ever to anticipate promotions and discounts.
The supply chain is more crucial than ever. Whoever is more agile, faster, and more efficient in purchasing and moving merchandise will be the winner. It is time to connect the product lifecycle to the procurement, distribution, and financial strategy. More visibility, greater traceability, and more data are needed to make short-term decisions. Once again, there is a need to transform processes and technology with the fundamental pillar being the talent of people…
Inditex stands out, again, with margins that resemble or even surpass luxury sector companies. I share the forecast made by RBC Capital Markets regarding the latest ITX results publication.
What is happening with The Fashion Retailer blog?
You may have noticed that the blog has been modernized and taken a step further in combining insights with advisory services. It was the moment to take this step in my professional journey and create something I had already envisioned at Accenture Strategy and Oliver Wyman. It’s time to take the helm.
The Fashion Retailer blog (founded in 2017…read my first post) officially becomes TFR Management Consulting, specializing in supporting lifestyle brands in the development of their strategy and execution, as well as improving operations throughout the value chain. From product to customer, through any channel, and taking into account the customer experience and brand’s purpose. You can learn more about the types of projects and the initial spectacular ecosystem TFR is building HERE.
It is a great joy to present this new format of professional services, combined with top-notch talent, both in terms of skills/ education and professional experience. Hybrid talent combined with agile business partners to accelerate digital transition. I hope to soon update the website with more talent in eCommerce and Sustainability, as well as other partners.
It is a pleasure to advise top-level companies, focusing on execution and results. The years of spending hours reformatting PowerPoint and copying credentials from over 10 years ago are gone. We are a different consulting brand: a hybrid, flexible talented platform of individuals and partners with clear values such as empathy, adaptability, being result-driven. We count on our own experience in some of the largest companies in the global lifestyle industry. We usually enjoy life and work in the Central European Time (UTC +1), but we love working in-house despite being efficient working remotely..
I want to thank you for continuing to trust TFR, a journey that began in 2017 when I founded a blog specializing in the business of fashion.
I also take this opportunity to wish you happy holidays and a new year. Let’s hope for tailwinds and continue sailing with inspiration and effort.
TFR | Navigating Strategy, Inspiring Transformation
Castellano
Nos acercamos a final de año, aunque muchas empresas del sector retail cierren año fiscal a finales de febrero aprovechando el final de rebajas… Es un año de recuperación y los resultados comparables al año pre-covid son optimistas, aunque la situación global sigue inestable. Las empresas tienen que lidiar con mucha incertidumbre, una climatología poco habitual que impacta en el comportamiento de venta y una situación macro que puede incidir en la pérdida de margen en cualquier momento. El calentamiento global es una realidad y la moda se ha visto más obligada que nunca a anticipar promociones y rebajas.
La cadena de suministro es más clave que nunca. Quién sea más ágil, más rápido y más eficiente a la hora de comprar la mercancía y moverla, será el ganador. Es el momento de conectar el ciclo de vida del producto a la estrategia de aprovisionamiento, distribución y financiera. Más visibilidad, mayor trazabilidad y más datos para poder tomar decisiones a corto plazo. Una vez más, necesidad de transformar procesos y tecnología con el pilar fundamental: el talento de las personas.
Una vez más Inditex sobresale, con márgenes que se asemejan e incluso superan a empresas del sector lujo. Comparto la previsión realizada por RBC Capital Markets en relación a la última publicación de resultados de ITX.
Qué ocurre con The Fashion Retailer blog?
Habréis notado que el blog se ha modernizado y dado un paso más allá en cuanto a unir mis ansias de conocimiento sobre la industria del sector lifestyle y mi día a día como asesor de empresas.
The Fashion Retailer blog (fundado en 2017, y aquí el primer post…) se convierte oficialmente en TFR Management Consulting, especializada en dar soporte a marcas lifestyle en el desarrollo de su estrategia y ejecución, además de mejorar las operaciones a lo largo de toda la cadena de valor. Desde producto hasta la venta final, sea el canal que sea y teniendo en cuenta la experiencia de cliente y los valores de la marca. Podéis saber más sobre el tipo de proyectos y el ecosistema provisional de talento con el que cuento AQUÍ.
Es una gran alegría presentaros este nuevo formato de servicios profesionales, unido a talento de primer nivel, tanto a nivel de formación como experiencia profesional. Talento híbrido unido a partners de negocio para acelerar la transición digital. Espero pronto actualizar la web con más talento en eCommerce y Sostenibilidad.
Es un placer poder asesorar a empresas de primer nivel poniendo el foco en la ejecución y los resultados. Ya pasaron esos años de pasar horas reformateando power points y copiando credenciales de hacia más de 10 años. Somos una marca de consultoría diferente: una plataforma de talento híbrida, flexible con claros valores como la empatía, la adaptabilidad y el foco en resultados. Nuestro principal activo es nuestra experiencia propia en algunas de las mayores empresas de la industria lifestyle a nivel global. Pese a disfrutar de la vida y de nuestra profesión principalmente en la franja CET (UTC +1), estamos encantados al trabajar con vuestros equipos en modo presencial, pese a ser eficientes en remoto.
Quería agradeceros el seguir confiando en TFR, un viaje que se inició en 2017. Aprovecho también para felicitaros las fiestas y año nuevo. Esperemos vientos de cola y seguir navegando con inspiración y esfuerzo.
Latest insights
- RBC Expert Call. Spain Fashion Retail Market Outlook with Alfonso Segura
Continuing the series of conversations with RBC Capital Markets, a collaboration which began several years ago, this time revolves around discussions on the market situation in Spain, its characteristics regarding retail sales costs, as well as variations in consumer behavior in Europe and Spain, pre-owned market outlook, among other topics. - Nike. What’s Up?!
A few days ago, BoF published an interesting article by Daniel-Yaw Miller about the situation of Nike. The multinational from Beaverton, Oregon, partly benefited from the Covid crisis and the consequent growth in casual wear, as well as the desire for outdoor activities. However, it seems that the tailwinds have slowed down, and the impact on the stock market is being reflected. - Luxury, a long term story
Many things can be highlighted about globalization and the internationalization of capitalism, but in the fashion sector, the multiplication of fortunes in emerging countries stands out, as well as its consolidation in Western countries. According to Oxfam, Billionaires have seen extraordinary increases in their wealth. During the pandemic and cost-of-living crisis years since 2020, $26 trillion (63 percent) of all new wealth was captured by the richest 1 percent, while $16 trillion (37 percent) went to the rest of the world put together. A billionaire gained roughly $1.7 million for every $1 of new global wealth earned by a person in the bottom 90 percent. Billionaire fortunes have increased by $2.7 billion a day. This comes on top of a decade of historic gains —the number and wealth of billionaires having doubled over the last ten years.