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Tag: zara

Retail Asia15/09/2023
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Fashion

Inditex sees higher sales, profit across all brands

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 […]
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Retail Asia27/06/2022
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Fashion

H&M closes Shanghai flagship after Covid lockdowns

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 […]
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Retail Asia21/06/2021
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Fashion

Zara joint venture records loss in India

2min0
Inditex, the Spanish owner of fashion brand Zara posted its first-ever loss in India as sales dipped by 28% due to Covid lockdowns and related staggered reopening during the financial year 2021 (FY21). The fashion house consistently posted profits in India since entering the country in 2010. Zara’s joint venture partner with Tata, Inditex Trent, […]
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Retail Asia05/05/2021
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Fashion

Zara launching beauty range

3min0
Soon, you’ll be able to wear Zara from head to toe and from face to toenails. Yesterday, the retailer unveiled Zara Beauty, the company’s first-ever comprehensive beauty collection. It will be launching online and in select stores on May 12. To help create a line of cosmetics that felt playful, innovative, and fresh, the brand tapped world-renowned makeup artist Diane […]
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Retail Asia24/02/2021
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Fashion

Uniqlo dethrones Zara as most valuable fashion business

2min0
Japanese retail conglomerate Fast Retailing, which owns and operates Uniqlo, is now the most valuable fashion retailer in the world, outstripping Zara’s parent company Inditex. Fast Retailing reached a market value of $103 billion last week, eclipsing the Spanish firm for the first time, which sits around $99 billion. The business’ focus on the Asia […]
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Retail Asia15/10/2020
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Fashion

H&M recycles old garments into new clothes

5min0
Fast fashion chain H&M wants to turn discarded clothes into something new to wear again — within five hours. The Sweden-based retailer is about to start giving consumers at its Stockholm store the option to turn in used garments that it will then transform into one of three different clothing items. Once the program begins Monday, […]
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Retail Asia08/10/2020
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Fashion

Uniqlo joins Zara, H&M in tackling waste problem

1min0
In an effort to help the homeless restart their lives, UNIQLO Malaysia recently launched a clothing corner at Kuala Lumpur’s Homeless Transit Centre (Pusat Transit Gelandangan KL), a government initiative to help those on the streets get back on their feet. With the help of the centre, those who seek jobs can access proper attire […]
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Retail Asia19/12/2019
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Fashion

Inditex profit growing faster than sales

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 […]
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Retail Asia26/09/2019
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Fashion

Inditex achieves record first-half sales

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 […]
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Retail Asia17/09/2019
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Fashion

Zara in defense mode after IFC mall store closure

2min0
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 the store closures were a show of support for the demonstrators and […]
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Retail Asia20/07/2019
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Uncategorized

Zara parent fast-tracks online expansion

6min0
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 platforms in Morocco, Egypt, Lebanon, Israel, Serbia, Indonesia, the United […]
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Retail Asia17/07/2019
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Fashion

Tata Group Launching first fast-fashion chain

2min0
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 store within two weeks, similar to Zara’s own timeline. Trent is seeking to launch 40 […]
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Retail Asia01/07/2019
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Fashion

Zara Posts Dramatic Growth in Vietnam

1min0
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 Ho Chi Minh City. During three years of operations, Zara Vietnam has achieved […]
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Retail Asia01/07/2019
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Fashion

VF Corporation to collaborate with Redress

2min0
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 fashion design competition and works to educate emerging fashion designers around the world about sustainable design techniques to drive growth […]
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Retail Asia17/06/2019
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Fashion

New CEO For Zara Owned Inditex

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 […]
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Retail Asia07/06/2019
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Fashion

Zara’s local profit after E-commerce Launch

4min0
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 & Investments Commission. This came off the back of strong sales growth, with Zara’s full-year revenue […]
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