Tag: Inditex

Retail Asia15/09/2023
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9min0
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 fashion trends faster from nearby suppliers at prices that allow it to cope […]

Retail Asia27/06/2022
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6min0
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 was open earlier this month, the three-storey building in downtown Shanghai was on Friday […]

Retail Asia23/03/2020
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1min0
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, Pull & Bear, Massimo Dutti and Bershka-branded outlets, sales at all of which have been strongly affected by […]

Retail Asia19/12/2019
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1min0
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. The company says it expects its full-year like-for-like sales to increase by […]

Retail Asia26/09/2019
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2min0
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 results reflected strong first-half performance, with like-for-like growth across all […]

Retail Asia17/06/2019
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3min0
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 taking some of the responsibilities currently held by executive chairman and current CEO […]

Retail Asia01/05/2019
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2min0
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 in Munich, Germany. Designed to look like a New York apartment, the new interior design […]

Retail Asia20/03/2019
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4min0
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 on larger stores in prime locations and online growth at the expense of smaller stores. While the retail giant reported […]

Retail Asia18/12/2018
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3min0
Zara owner Inditex has posted slow like-for-like sales growth due to the unusually warm autumn and adverse currency moves. Inditex, which also owns upmarket label Massimo Dutti and teen label Bershka, posted a 3 per cent rise in like-for-like sales in the six months to the end of November after an “extraordinarily warm September”. Sales bounced […]

Retail Asia08/09/2018
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2min0
Zara owner Inditex announced all products from all its brands will be made available online by 2020, including in markets where it does not have any stores. Pablo Isla, Inditex chairman and CEO, announced they want to make all their fashion collections available to all their customers wherever they are in the world. “Even in […]

Retail Asia25/05/2018
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4min0
A new Zara flagship unveiled in London this week gives an insight into its new global direction. High in technology, compact in footprint, Zara believes the new Westfield Stratford store concept will “transform the customer shopping experience at its heart”, integrating online and in-store shopping. It is the Spanish fast-fashion retailer’s first store in the […]

Retail Asia16/03/2018
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6min0
Surging online sales have boosted Zara parent’s Inditex’s net profit in the past fiscal year by 7 per cent. Inditex, which also owns brands including Pull & Bear, Bershka and Massimo Dutti, reported an increase in net profit for the 12 months ending January 31 to €3.37 billion (A$5.27 billion) from €3.16 billion a year earlier. Sales rose […]

Retail Asia12/02/2018
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1min0
With store openings and competitive pricing, H&M India has upped its turnover 94.5 per cent in India for the year to the end of November. The Swedish fast-fashion retailer’s turnover reached INR955 crore (US$148 million) for the 12 months. Its growth follows it opening more stores in India, taking the count from 15 to 27. […]

Retail Asia19/01/2018
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1min0
Japan’s Fast Retailing plans to launch its Uniqlo clothing brand in Sweden with an initial store in Stockholm this year. Taking on its rival H&M in its home market, it marks the cut-price brand’s debut in the Nordic region. Uniqlo has fewer than 70 stores in all of Europe, and Fast Retailing CEO Tadashi Yanai […]

Retail Asia15/12/2017
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1min0
Clothing company Inditex international, which owns Bershka and Zara, reports a strong performance for its latest nine months. Continuing to roll out its global fully integrated store and online platform, the Spanish group opened outlets in 52 markets during the period. Its store count reached 7504 in 94 markets at the end of October. It […]

Retail Asia28/11/2017
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2min0
Uniqlo parent Fast Retailing has applied to open stores in India. The Japanese fast-fashion giant has filed an application with India’s Department of Industrial Policy & Promotion to do business in the country under the Uniqlo brand. “India is a market with great potential,” says Fast Retailing spokeswoman Pei-Chi Tung. The company has long been interested in […]

Retail Asia21/09/2017
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3min0
Zara parent Inditex Group’s growth in sales and profit increased in the first half of this year as the Spanish company reaped the benefits of opening a new store nearly every day. First-half revenue rose by 11.5 per cent to €11.7 billion (US$13.8 billion) for the multinational fashion retailer. Like-for-like sales growth was 6 per […]


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