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On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

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​​Zara owner Inditex has reported a 7.1% increase in sales to €8.2bn (£6.98bn) in the first quarter of 2024.
The group’s gross profit also increased 7.3% to €4.9bn (£4.17bn) and gross margin reached 60.6%.

Additionally, the group’s EBITDA rose by 8% to €2.4bn (£2.04bn) and EBIT increased 10.3% to €1.6bn (£1.44bn).

Store and online sales in constant currency between 1 May and 3 June 2024 was also up 12% versus the same period in 2023
The group attributed the robust operating performance to the “creativity” of the teams and the “strong” execution of the fully integrated business model.

Looking ahead, Inditex expects growth of annual gross space in the period 2024-2026 to be around 5% and space contribution to sales to be positive, in conjunction with a strong evolution of online sales.
In FY2024, it also expects a stable gross margin (+/-50 bps).

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