What is the performance of the fashion industry compared to other trade sectors? It has been made clear in the last years that the fashion industry has been continuously gaining weight in the international stock market, by the time it achieved a position that nothing has to covet from other quoted sectors such as pharmacy or metals.
Aimed to give an answer to this question, FashionUnited is launching a new index to follow in real time the performance of the 100 world largest quoted apparel companies.
Committed to deliver the highest rate of accuracy and to provide up to the moment information to those investing or involved in this market, FashionUnited has gone one step further to start its FashionUnited Top100 Index.
Being one of world's leading business to business cross media fashion platforms, FashionUnited is continuously seeking to improve the necessary tools to enable fashion professionals and companies to make their activities more fun and efficient. This complete index will be published on a daily basis on the FashionUnited network, where their members will be able to look it up for free.
Thus, from today on, FashionUnited members will be able to compare the FashionUnited 100 Index to other indices including the Dow Jones, FTSE and Nikkei.
Regarding the technical aspects, it should be stated that the FashionUnited 100 Index is a capitalization-weighted index gathering some of the world largest stock listed apparel companies. All listed companies specialize in the sale of clothing, whether in physical retail stores, wholesale or by e-commerce. They do not necessarily have to be the world largest ones, but the main stock listed firms located in those countries represented in the index with their own weighting based on market capitalization, which is calculated June 30th of each year.
The index also shows the top 100 stock listed apparel companies values based on market capitalization. As most companies are active all over the world, the index gives a good indication on how the apparel industry is performing.
Besides, the index will be shown per region to make comparisons easier and to facilitate the detection of possible trend differences. This feature would also be very helpful for those companies being quoted in different countries, as it would be illustrated how diverse regulations, announcements or movements might affect them in different countries.
To give a more contextualized output, annual reports will be added to the company files. With this information, it will be possible to index turnover and profit to show companies performance, to generate average indicators, and to make it an interesting benchmark tool for other companies in the fashion industry. In near future, Cotton, Wool and Yarn prices will be also included in this management dashboard for apparel executives.
Finally, the next list to be published would comprehend the top100 non stock-listed companies and will be constructed using various segment factors and formulas from the stock listed index.