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The importance of internationalization to achieve a competitive advantage in the business world has increased greatly in recent years. Especially in the fashion industry, where competition has increased tremendously and globalization plays a more important role, it is essential to find new ways in order to be unique. To succeed in internationalization in the fashion industry, companies must have a basic knowledge of their markets and follow clear strategies. The purpose of this thesis is to answer the question why fashion companies nowadays need to create a competitive advantage and expand their market internationally. In addition, it will also address the challenges that an American brand can face in the European fashion industry. The company chosen for this research is Shoshanna LLC, a contemporary American women’s wear brand based in New York City.
With regard to methodology, a multi-‐purpose approach has been conducted. The conclusions have been reached with theoretical knowledge, personal experience, a survey and interviews with experts in this industry. The conclusions of this thesis will give Shoshanna LLC a better understanding of internationalization processes in the fashion industry and the strategies required. It will also answer the question of how the chosen strategies can be a guideline for the company.
When discussing the current textile and apparel industries’ status quo, at some point attention will most likely shift towards the challenges fast fashion companies have to encounter due to the increased interest in sustainability practices. This bachelor dissertation examines the sustainability reports of three major fashion brands – Adidas, H&M, and Inditex, with the aim to gain insights of the current situation of non-financial reporting.
The study examines how companies address various aspects of Environmental, Social, and Governance (ESG) factors within their sustainability reports. It also investigates whether these companies prioritize different topics in their practices. Furthermore, the research evaluates how extensively fashion companies incorporate industry-standard KPIs to measure and compare their
sustainability performances.
The results show that the three companies focus on ESG factors differently, with environmental issues being consistently addressed, although the degrees of emphasis vary. Inditex emerges as a leader in fulfilling ESG criteria, with Adidas and H&M closely behind. Analyzing a company’s KPIs reveals a range of diverse approaches, complicating comparisons with competitors. However, following set standards such as the GRI Standards enhances credibility, even though transparency improvements are possible. With the EU’s CSRD regulation on the horizon, companies are encouraged to improve data accuracy and transparency, which may lead to changes in strategic directions.
This study emphasizes the importance of fair reporting, clear communication, and standardized frameworks to promote sustainability. With the insights provided by the research, this work is aimed at researchers, shareholders, and stakeholders interested in understanding, or implementing sustainability practices within the fashion industry.