All Zara articles
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ArticleH&M and Inditex accused of allegedly using unethical Brazilian cotton
The British non-governmental organization (NGO) Earthsight is accusing H&M and Inditex of allegedly using cotton “linked to land grabbing, illegal deforestation, violence, human rights violations and corruption in Brazil.” It is also calling on governments to regulate the fashion industry on the grounds that it has failed to ensure sustainability ...
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ArticleInditex posts record full-year sales and earnings
Inditex posted record sales and earnings in the full year ended Jan. 31 and announced an extraordinary plan to invest €1.8 billion over the next two years to increase its logistics capacities. Full-year sales rose by 10.4 percent to €35.9 billion. The top line grew by 14.1 percent at constant ...
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News briefs
Inditex 9-month sales up by 14.9% at constant exchange rates
In the nine months to October 31, Inditex’s sales grew by 11.1 percent to €25.6 billion, showing “very satisfactory” development both in stores and online, the Spanish fashion fast group said in a statement. Sales at constant currency rates rose by 14.9 percent. Gross profit increased by 12.3 percent to ...
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News briefs
Inditex in a 3-year deal to buy a significant portion of cycora
Inditex has formed a strategic partnership with Ambercycle, a Los Angeles based material science company, to help scale textile-to-textile recycled polyester. As part of this collaboration, the Spanish company, which owns Zara, among other banners, has signed a three-year agreement to buy a significant portion of the annual production of ...
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ArticleZalando tops the ranking of European fashion e-tailers
In 2022, Zalando topped the ranking of online fashion retailers operating in the European Union, according to the second edition of “Top 250 Fashion & Beauty Retail Europe” released by Cross-Border Commerce Europe. Zalando controlled 9.8 percent of the EU online fashion market largely thanks to its strong presence in ...
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News briefs
Inditex’s H1 sales up 13.5%
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, said that in the first half ended July 31 net sales rose by 13.5 percent to €16.9 billion. At constant currency rates, the top line grew by 16.6 percent. Gross profit increased by 14.1 ...
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ArticleInditex’s Q1 sales rise 13%
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, said that in the first quarter ended April 30 sales reached €7.6 billion, up by 13 percent year-over-year on a reported basis and grew 15 percent in constant currencies. Gross profit rose by 14 ...
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News briefsInditex posts record sales
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted record sales of €32.6 billion in the full year ended Jan. 31, up by a reported 17.5 percent and by 18 percent at constant currency rates. Constant currency growth was driven by rises ...
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News briefs
Inditex's 9-mth sales up 19%
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, said that in the nine months ended Oct. 31 its sales reached €23.1 billion, up by a reported 19 percent from a year ago and up by 20 percent at constant currencies. Store and ...
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ArticleInditex books strong H1 sales
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted sales of €14.8 billion in the first half ended July 31, up by 24.5 percent from a year ago and 25 percent higher at constant currencies despite the current inflationary environment and closure ...
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ArticleHow the exodus out of Russia is creating opportunities for locals
Western footwear retailers that pulled out from the Russian market over the past few months in the wake of Russia’s invasion of Ukraine sold products worth 51.2 billion rubles (€911m) in the country in 2021, estimated Chestny Znak, a Russian regulator supervising the labelling of fashion products on the domestic ...
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ArticleInditex posts highest gross margin in a decade
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted a 36 percent increase in revenues to €6.74 billion in the first quarter ended April 30 thanks to a strong performance across all geographies with the exception of Ukraine, Russia and China. The ...
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News briefs
Russia authorizes parallel imports
The Russian Industry and Trade Ministry on May 6 published a list of goods allowed for import without permission from the brand’s owner, which involved a broad range of fashion and sporting goods companies, including Zara, H&M, Decathlon and Uniqlo. The system, commonly known as parallel imports, has been designed ...
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ArticleInditex’s sales return above pre-pandemic levels
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, posted a 35.8 percent year-on-year increase in revenues to €27.72 billion in the full year ended January 31. In local currencies, the top line was 3 percent higher than in 2019, before the ...
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News briefs
Inditex reshuffles its top management
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, has appointed Oscar Garcia Maceiras as chief executive, effective immediately. Maceiras joined Inditex of March this year, and has served as general counsel and secretary of the board. He is replacing Carlos Crespo, ...
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ArticleInditex posts record results in Q2
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, posted record results in the second quarter ended July 31, as sales rose by 7 percent at constant currency rates compared with the second quarter of 2019, which was not affected by the ...
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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 ...
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ArticleInditex posts better-than-expected Q3 results
In the third quarter running from Aug. 1 to Oct. 31, Inditex , the Spanish group that owns the brands Zara , Pull Bear , Massimo Dutti , Bershka , Stradivarius , Oysho , Zara Home and Uterqüe , posted sales of €6.1 billion, down by 14 percent ...
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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 ...
