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Zara-owner Inditex posted a net loss of US$229 million during the six months to 31 July, after a successful second quarter largely helped mitigate a disastrous start to the year. The first three months suffered a $481 million loss due to the sudden impact of…
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…
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…
Fashion retailer Zara has reassured customers that its decision to close its IFC mall store in Hong Kong on Monday was not related to protests currently taking place in the city. The statement emerged after social media users in Mainland China speculated that…
Clothing retailer Inditex has announced the launch of online platforms in nine new markets and says it will open in 10 more this autumn to meet its 2020 vision. Zara launched an online store in Brazil during the first quarter, and has recently inaugurated its…
Zara’s Indian partner Tata Group is launching its own fashionable apparel chain in the territory with prices well below Zara levels. Tata’s retail offshoot Trent Ltd has launched an “extreme-fast-fashion” model that brings new styles from the runway to 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 is outpacing archrival H&M in one of their fastest-growing markets, Vietnam. Zara Vietnam’s revenue reached US$73 million last year, six times the 2017 figure. The Spanish fast-fashion retailer has opened two stores in Vietnam – one in Hanoi and one in…
Global apparel, footwear and accessories retailer VF Corporation is entering an exclusive collaboration with environmental charity Redress to deliver the Redress Design Award 2019 x VF Challenge in Hong Kong. The award is the world’s largest sustainable…
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…
Inditex Group’s Australian business, Group Zara Australia, posted a 35 percent increase in net profit for the year ending January 31, 2019, lifting the figure from $8.9 million to $12 million, according to documents lodged with the Australian Securities &…
Instagram is taking its Shopping ads one step further by making it possible for people to buy the products in the ads without leaving the app. The feature, called Checkout on Instagram, is currently being tested in a closed beta program by nearly two dozen…
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…
Spanish fashion retailer Zara appears to have inadvertently sparked off a social media furore over the appearance of freckled Chinese model Jing Wen in one of its recent ads. In China, spots on the face are generally considered blemishes and are associated…
Ambience Mall, Gurgaon, with some of the biggest food and fashion brands such as H&M, Gap, Zara, Marks & Spencers, Kiko Milano, Luxe Bridge, Iconic, Da Milano, Jack & Jones, Cover Story, Ritu Kumar etc, is the perfect destination for shoppers of all age…
