The pace of fashion showed no signs of slowing down in 2012, as fast fashion pioneers Inditex and H&M maintained their top spots in the global clothing rankings. Inditex still leads sales, by US$375 million, attributed to its savvy mix of international expansion, low levels of discounting, close-to-home sourcing and a strong multi-brand repertoire. Moving into 2013, the launch of H&M’s new brand & Other Stories brings with it fresh hope for closing the gap.