Core Viewpoint - ZARA HOME is closing its last store in Hangzhou and has already announced the closure of its last store in Changsha, indicating a significant contraction in its operations in China [1][3]. Group 1: Store Closures - ZARA HOME's last store in Hangzhou will close soon due to high rent after the lease expiration [1]. - The Changsha store will cease operations on June 29, 2023, due to "business adjustments" [1]. - ZARA HOME has also closed stores in other cities like Shanghai, Nanjing, and Shenzhen, reducing its presence to just over 10 stores in China [3]. Group 2: Inditex Group's Business Adjustments - Inditex Group, ZARA HOME's parent company, has been closing stores across its brands in China, including Pull&Bear, Bershka, and Stradivarius since 2021 [3]. - ZARA has also seen a significant reduction in its store count in China, with 81 stores closed in the past year [3]. Group 3: Financial Performance - Inditex Group reported a 1.5% year-on-year revenue increase to €8.27 billion and a 0.8% net profit increase to €1.3 billion in Q1 of the 2025 fiscal year, but these figures fell short of analyst expectations, leading to a stock price drop of over 6% [3]. Group 4: Market Competition - ZARA HOME faces intense competition in the Chinese market from brands like Miniso, Muji, and other fast-fashion brands, which may lead to further store closures in the future [5].

Group 1 - The third Global Sports Equipment Innovation Design Competition has been launched with the theme "MovEmpower-动融万象" [1][3] - The Tsinghua University-Anta Sports Fashion Joint Research Center released the "Trends in Sports Fashion Industry Design Innovation Report," indicating directions for technological innovation in the global sports equipment industry [1][3] - The competition aims to create an innovative ecosystem that integrates "creative incubation, talent selection, and industrial transformation" through a multidisciplinary collaborative operation model [3][7] Group 2 - The previous two competitions gathered nearly 4,000 outstanding works from around 270 universities across over 30 countries and regions, with media exposure exceeding 1 billion times [5] - The current competition will hold multiple presentations at universities worldwide, targeting design enthusiasts, faculty, independent designers, and professional institutions for creative submissions [7] - The strategic collaboration between Tsinghua University and Anta Group aims to establish an effective industry-academia-research cooperation mechanism to promote innovative development in China's sports industry and build international brands with global influence [7]

Core Viewpoint - The company is undergoing a significant strategic transformation by divesting financial assets to focus on its core fashion business, which has been underperforming recently [1][7]. Financial Asset Divestiture - The company announced the sale of financial assets, including shares in CITIC Securities and CITIC Bank, totaling approximately 4.175 billion yuan, which accounts for 10.13% of its net assets as of the end of 2024 [3][6]. - The divestiture is part of a broader strategy to optimize its investment structure and gradually exit financial investments, as authorized by the shareholders' meeting [7][8]. Performance of Core Business - The company's apparel business saw a net profit decline of 43.9% in 2024, with significant drops in sales of key products such as shirts and suits, down 14.69% and 18.27% respectively [1][11]. - The real estate segment also faced challenges, with pre-sale revenue plummeting by 69.03% [1][12]. Investment in Fashion Industry - The company has made substantial investments in the fashion sector, spending over 9 billion yuan in six months, including a 7.4 billion yuan acquisition of Intime Retail and a 1.53 billion yuan purchase of the French luxury children's brand Bonpoint [1][7]. - The fashion portfolio now includes various brands across different segments, indicating a strategic pivot towards fashion [7]. Financial Health and Future Outlook - Despite the divestiture, the company still has potential for further sales of financial assets, with an estimated remaining capacity of around 4.6 billion yuan based on its financial structure [8]. - The company's net profit has been on a downward trend, dropping from 7.236 billion yuan in 2020 to 2.767 billion yuan in 2024, indicating ongoing financial challenges [11].

不过这个结果并非一蹴而就，更像是一部产业链与链主企业相互成就，前者孕育托举后者、 后者改造重塑前者的进化史。 以服装产业为例，中国的供应链确实庞大，但是能够把这条供应链真正挖掘出来，赋能转化 为平台级竞争力的，SHEIN是典型代表。 一位长期研究供应链的业内观察人士指出，SHEIN坚持在时尚领域把服装产业链往深耕里去 做，能够把服装这种消费品产业做成科技、需求驱动的敏捷型供应链，产业互联网之下，庞 大的工厂、工人拥有极高效率，彻底实现数字化、柔性化，这是很了不起的。 广州一家老牌服装制造厂掌舵人谢双涛说，SHEIN手把手将他这个"大老粗"的传统工厂，改 造成了精益化、数字化的现代企业，年轻人也开始愿意在这里寻找职业确定性。 这样的案例，还有无数个。 文/宁苍洱 全球化新格局之下，中国供应链的不可替代性，植根于其强大的产业集群效应、柔性定制能力以及技术 与人才储备的深厚积淀。 在广州、中山制衣厂，在虎门服装产业集群，在佛山印染产业带……SHEIN的"数字化+绿色 化+差异化"强大赋能体系，贯穿了全产业链，供应商、供应商的供应商、合作伙伴、合作伙 伴的合作伙伴、客户、客户的客户……推动了更大范围的产业协同，形成了 ...

Group 1 - Beijing has launched a public consultation for the revised "Beijing Non-Motor Vehicle Management Regulations," focusing on enhancing the sales management of electric bicycles and encouraging the sale of smaller, lighter models [1] - The Beijing Municipal Science and Technology Association has initiated the 2025 Empowering Park Science and Technology Association High-Quality Development Project, aiming to support 20 parks to promote innovation in key industries [1] - The Beijing Municipal Bureau of Economy and Information Technology has released the first fashion industry development plan, aiming to establish Beijing as a global fashion innovation source and trendsetter [4] Group 2 - The Beijing government has introduced a loan risk compensation policy for technology innovation SMEs, providing 50% risk compensation for certain non-performing loan projects to encourage banks to lend [7] - The Beijing Health Insurance Bureau has added 12 new medical institutions to the health insurance designated list, with changes in service provision for some existing institutions [6]

以下文章来源于东四十条资本 ，作者纪佳文 东四十条资本 . 聚焦股权投资行业人物、事件、数据、研究、政策解读，提供专业视角和深度洞见 | 创投圈有趣的灵魂 截至今年5月，估值已经超过100亿美元。 上个月底，L Catterton 宣布在最新一轮融资中已筹集约110亿美元的资本承诺总额，这次减持Birkenstock股份套现，或许是L Catterton为后续的投资布局做好资金准 备。 从乡村小作坊到国际巨头 5月份，Birkenstock发布了截至2025年3月31日的2025财年第二季度财报公司营收同比增长19%，净利润大涨47%。自2023年上市以来，Birkenstock整体保持着不错 的业绩增势。 你可以嫌它的鞋子丑，但不能说人家不火，甚至勃肯鞋已经不单代指Birkenstock的产品，而是成为一种鞋型名称，在网上还有不少仿冒品，当然价格和原版差了上 百倍。一双正品的勃肯鞋，价格在1000-2000人民币之间，毛利润可以达到60%，堪称 "奢侈品"。 从乡村鞋匠家族到国际公司，Birkenstock的品牌故事颇有励志色彩。 消费赛道又一笔大额退出。 近日，全球最大消费品私募基金L Catterton ...

「洞洞鞋无所不能」，这个早就植入在人们大脑中的概念，正随着洞洞鞋鼻祖Crocs入侵运动圈被再一次刷新。 更多人穿着Crocs日常训练、户外探索也正在形成风潮。从路跑、徒步，到进山溯溪，甚至长距离越野，洞洞鞋踏足的地图正在无限加载。 随着穿着场景不断拓展，Crocs销路大开，业绩也来到新的高点：根据财报显示，2025年第一季度，Crocs营收接近10亿美元，且依然保持增长态势，且在 夏季未开始。 「夏天来之前，洞洞鞋已经在中国卖爆了。」 一边是全民嫌弃的「丑鞋」，一边是全网追捧的「洞门」，多年以来围绕Crocs的话题层出不穷，但在厚底鞋、综训鞋、薄低鞋等不断细分的鞋履市场 上，洞洞鞋始终无可替代。 大众在日常场景下的穿着热情，让「洞洞鞋」三个字逐渐成了所有同类型潮鞋、拖鞋的代名词。 而如今越来越多健身人对Crocs的青睐，则无疑让围绕洞洞鞋的话题变得愈加有趣、多元。 哪里有脚，哪里就有洞洞鞋 「一旦穿过洞洞鞋，你这辈子就定型了。」 这句在互联网流传甚广的调侃，透露着Crocs洞洞鞋的致命吸引力，和无所不在的事实：商场里、地铁上、办公室，甚至夜幕下的live house、酒吧里，都 挤满了穿同一种鞋的年轻人。 以 ...

近日，北京市商务局等4部门联合发布《北京市扩大时尚消费专项行动方案》（以下简称《方案》）， 以时尚场景育新、活动提升、品牌创新等五大专项行动共21项举措，激发北京时尚消费潜力、彰显首都 时尚魅力。 3月25日， 游客从前门大街的文创店前走过。新华社记者 李欣 摄 文化自信为笔，擘画时尚新篇。擦亮"京"字招牌，这是以时尚为笔，书写首都的文化自信：让传统在创 新中焕发新生，让世界通过消费场景读懂中国。北京的时尚消费要走得更远，需要始终锚定"首都风 范、古都风韵、时代风貌"的定位——在CBD核心区建设"国际时尚发布中心"，让中国设计师从这里走 向世界；在城市副中心打造"运河时尚秀场"，让千年运河文化成为时尚叙事的灵感源泉；甚至可以将长 城、颐和园等世界遗产转化为"户外时尚打卡地"，让游客在山水之间感受"行走的京味美学"。当一位游 客在南锣鼓巷买下印有京剧脸谱的文创T恤，当年轻人在直播间为京绣工艺的丝巾点赞，这些消费行为 超越了物质层面，成为文化认同的表达。 当前，消费市场正经历深度变革，个性化、品质化、体验化成为时尚消费新趋势。北京作为全国文化中 心与国际消费中心城市，既坐拥深厚历史文化底蕴，又汇聚全球前沿潮流资源 ...

据海关发布消息，武汉天河机场海关于近日查获144个泡泡玛特玩偶。携带这些玩偶的旅客自述，携带 目的是为他人带货入境后售卖谋利。 从海关发布的视频来看，被查获的玩偶正是近期大火的Labubu。 2015年，Labubu诞生于艺术家龙家升的绘本《精灵三部曲》，以尖耳朵、九颗锯齿獠牙和狡黠笑容为 标志，传递了一种反叛与真实。2019年，龙家升与泡泡玛特签约，Labubu正式以盲盒形式进入市场。 起初，Labubu市场表现平平。直至2024年4月，韩国女团BLACKPINK成员Lisa在Ins晒出Labubu挂饰， 触发东南亚抢购热潮。随后，蕾哈娜、贝克汉姆女儿"小七"、凯特·布兰切特等明星携带Labubu亮相时 装周，带火其成为奢侈品包挂标配。2024年7月，泰国官方授予Labubu"神奇泰国体验官"称号，皇室成 员亲自带货，Labubu自此成为"顶流"。 6月13日，泡泡玛特Labubu迎来新一轮补货。盲盒爱好者小珑早早定好了抢购闹钟，"我加入了泡泡玛特 门店线下群，还订阅了官方小程序，只要Labubu有货了，我就能收到消息。"小珑告诉南都记者，从 Lisa"晒娃"开始，她就关注到了Labubu，"当时觉得它好丑 ...

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