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Inditex, the multinational retailer that owns fashion brands like Zara, Bershka, and Stradivarius, has reported continued growth in its sales, a result attributed to its store-centric strategy. As the largest fashion retailer globally and headquartered in…
Inditex, the parent company of Zara, has seen considerable increases in its gross and net profits, fueled by robust sales across all its brands. The company’s total net revenue for the fiscal year ending January 31, 2025, climbed 3.2 per cent to €39.9 billion…
Oysho, an activewear brand under the umbrella of Inditex, the same company that owns Zara, has recently made its grand entrance into the Philippine market with a store opening at the Mall of Asia in Manila. A Fresh Concept for Retail Space The newly launched…
In a recent announcement, the CEO of Inditex, the parent company of renowned fashion brand Zara, revealed plans to expand the company’s budget brand, Lefties, into France. The move is seen as an attempt to appeal to younger consumers and increase competition…
Apparel giant Inditex says its net revenue grew by 7.1 per cent, reaching US$29.04 billion (€27.4 billion) for its first nine months. The company says the results reflect strong growth for its physical stores and online channels. Inditex’s gross profit…
Zara’s parent, Inditex, booked higher net income and sales across all of its brands during the fiscal first half year. The fashion group’s net income surged 10.1 percent to €5.0 billion (US$5.54 billion) as net sales rose 7.2 percent to €18.1 billion, thanks…
Zara owner Inditex on Wednesday beat expectations with a 40% jump in half-year net profit despite the world’s biggest fast fashion company slowing the pace of its price increases. Inditex has widened its lead over Swedish rival H&M this year by delivering…
H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton. Although it…
Inditex plans to close up to 1200 smaller stores globally as it invests more than €2.7 billion in expanding its online capacity and focusing on an integrated network of large-format stores. Unveiling a strategic plan for the next two years, Inditex executive…
Spanish apparel retailer Inditex has temporarily shuttered almost 3800 stores in 39 markets internationally in the midst of the coronavirus outbreak. All Inditex locations in its home territory are currently closed for business. Affected stores include Zara,…
Zara parent Inditex profit grew by 12 percent in the first nine months of this year, a rate significantly ahead of sales growth. Sales across its brands, which also include Massimo Dutti, Stradavarius, Bershka and Zara Home, rose 7.5 percent to €19.8 billion.…
Zara parent Inditex achieved record revenue and profits during the first half of this year. Net sales rose 7 per cent year on year to €12.82 billion, while net profit rose 10 per cent to €1.55 billion. According to Inditex executive chairman Pablo Isla, the…
Clothing retailer Inditex has posted record first-quarter sales and a rise in profits helped by the retailer’s push of stitching together its online and physical businesses. The fashion retailer’s online business, which accounts for 12 per cent of its net…
Zara owner Inditex has named chief operating officer Carlos Crespo as its new chief executive to spearhead a bigger push into e-commerce. Crespo will continue in his existing position until his appointment as CEO becomes effective in July, when he will begin…
Massimo Dutti Singapore has launched its sixth store, at Jewel Changi. The Inditex-owned fashion label’s almost 600sqm retail space features the brand’s newest design concept for the first time in Southeast Asia and following the opening of a similar outlet…
Zara growth is slowing substantially and analysts fear worse is to come. The fast-fashion brand’s Spanish parent Inditex says the slowing growth is due to a stronger euro, flat margins, less-frequent discounting and a store optimisation strategy that focuses…
