Inditex's golden era is coming to an end [Reuters]
TESCO PLC S/ADR (TSCDY)
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Source: Reuters
LONDON, May 3 (Reuters Breakingviews) - Shein is turning into the fast fashion industry's bogeyman. As the Asian retailer prepares for a possible New York stock market listing, sector leader Inditex is so far dismissing the threat the disruptor poses to the Spanish group's rich valuation. As the Singapore-based upstart quickly adapts to its Western customers' needs, the 133 billion euro Zara owner has few obvious lines of defence. Inditex CEO Óscar Garcia Maceiras is facing a challenge that the entire retail industry is grappling with. Shein and other low-price online retailers like Temu are leveraging their cheap Chinese suppliers to win market share against Western brands with extensive store networks. The Asian firms' ability to quickly respond to customer desires via highly engaging smartphone apps while keeping inventory and costs down is threatening to upend the retail hierarchy where Inditex has long reigned supreme. Maceiras, a Spanish lawyer, took the helm of the family-
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