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Look to Hong Kong data for a glimpse into global retail troubles - The Globe and Mail
CARL MORTISHED
Look to Hong Kong data for a glimpse into global retail troubles Add to ...
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Special to The Globe and Mail

Published Thursday, Aug. 21 2014,

The feng shui from Hong Kong is distinctly bearish. Li & Fung Ltd. is a logistics and supply management firm, in simple terms a middle-man that bridges the gap between big fashion and apparel retailers, such as Target Corp., Wal-Mart Stores Inc. and Marks & Spencer Group PLC and their largely Asian suppliers. Owning no sewing machines and employing no seamstresses, it nonetheless is at the cutting edge of global retailing, making $8.7-billion (U.S.) in revenues over six months. It is no more nor less than the back office for some very big brands, organizing the supply of raw materials, the manufacturing, the distribution and warehousing of the frocks you see in the shops.
Carl_Mortished  Hong_Kong  Li_&_Fung  fashion  Marks_&_Spencer  asset-light  logistics  supply_chains  data  apparel  Target  Wal-Mart  retailers  middlemen 
august 2014 by jerryking

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