All Inditex articles – Page 2
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News briefsNew offices for Zara Man, Zara.com
Zara will inaugurate on March 17 new eco-efficient and high-tech premises in Arteixo, in the northwestern Spanish region of Galicia, where its parent company Inditex is located. The new 67,000 square meter building will house the studios of www.zara.com and the central design department of Zara Man. It is part ...
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News briefs
Inditex among the founders of new MIT-led climate consortium
Inditex, the owner of Zara and other brands, is one of the 13 founders of the new MIT Climate and Sustainability Consortium, an alliance of companies that will work with MIT (Massachusetts Institute of Technology) to build a process, market, and ambitious implementation strategy for environmental innovation. The other founders ...
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ArticleCovid-19 is forcing fashion and retail to rethink their business models
The Covid-19 pandemic has accelerated changes in consumer attitudes towards fashion and retail, and calls are getting louder for “something to be done,” namely fewer collections, less fast fashion and more attention to sustainability.
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ArticleInditex returns to profit in Q2
Inditex , the Spanish group that owns the brands Zara, Pull Bear, Massimo Dutti , Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, returned to a net profit of €214 million in the second quarter ended on July 31 compared with a 409 million loss in the first quarter. Financial analysts ...
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ArticleHow are retailers managing excess stock in Covid-19 times?
Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.
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ArticleZara’s parent wants 25% of sales online within 2 years
Inditex, the Spanish group that owns the brands Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, wants online sales to represent over 25 percent of the total by 2022, compared with 14 percent in 2019, and to restructure its store network, that will be further ...
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News briefs
Tempe’s 2019 sales rose by 6.2% to €1.4 billion
Tempe, the Spanish unit of Inditex that develops and distributes shoes and accessories for the group’s eight brands, including Zara, Pull & Bear and Massimo Dutti, recorded an increase in sales of 6.2 percent to €1.4 billion last year, while its net profit rose by 3.5 percent to €117 million. ...
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