Inditex news and archive

Zara Woman launches collection for “outdoor” activities

Zara, the main chain of Spanish fashion giant Inditex strengthens its position in the growing and highly resilient sportswear sector with the launch of its first sports collection for women. A collection targeted at outdoor activities, designed especially for the practice of high-impact outdoor sports such as cycling or climbing. With the aim of...

PeopleFeatured

New era for Zara: Ortega Ortega takes the helm

Marta Ortega on Friday took the reins of Zara-owner Inditex, the group founded by her father, and faces an immediate challenge after the fashion giant temporarily closed shops in Russia, its second biggest market. With neither fanfare nor ceremony, the 38-year-old daughter of multibillionaire Amancio Ortega took over the world's biggest fashion...

Business

Inditex's second quarter results divide analysts' opinion

Inditex registered a profit of 850 million euros and invoiced 6,993 million euros between May and July of this year. These results represent an improvement of 48 percent over the comparable 2020 period and a 1.2 percent jump from the same quarter of 2019. Quarterly revenues not only exceeded market forecasts but have become the second best in...

Fashion Featured

Uniqlo, Inditex, SMCP and Skechers accused of profiting from the forced labour of Uighurs

On the eve of China’s 100th year anniversary celebration of its Chinese Communist Party, France launched an investigation into the “concealment of crimes against humanity” by global textile giants, including Inditex and Uniqlo, who stand accused of having profited from the forced labour of Uighurs. France’s National Anti-Terrorism Prosecutor’s...

BusinessFeatured

Zara owner Inditex swings to Q1 profit as sales rebound

Spanish fashion giant Inditex has reported soaring sales in the first quarter of the year as it swung to a profit. For the three months ended April 30, sales soared 50 percent to 4.9 billion euros compared to last year when the company was hit hard by global store closures amid the first wave of the pandemic. Compared to pre-Covid 2019 levels of...

Retail

Inditex launches AR game for Pull & Bear girls collection

Spanish apparel giant Inditex, which owns Zara, Zara Home, Massimo Dutti, Bershka, and Pull & Bear, has ventured into the world of gaming. Via its youth brand Pull & Bear, the company has launched ‘Pacific Game’, an augmented reality (AR) game available on Facebook and Instagram. The game forms a part of Pull & Bear’s ‘Pacific girls’ collection,...

Fashion

Zara collaborates with Starter Black Label

2021 marks the 50th Anniversary of Starter, the athletic brand established in 1971, owned by Iconix Brand Group. To mark the occasion, the Starter brand has launched a partnership with Inditex owned brand Zara to develop and sell a capsule collection for spring/summer 2021. The Starter brand quickly rose to global stardom by connecting fans with...

RetailFeatured

Inditex accused of turning a blind eye amid rising tensions in China boycott crisis

On Thursday, China, backed by the Chinese government itself, started retaliating against the Western boycott of cotton produced in the ‘Uyghur labor camps’ of Xinjiang, calling for its own boycott against international fashion companies. The boycott primarily affected Swedish retail giant H&M on Thursday, but is now also being launched against...

RetailFeatured

Fast fashion retailers are closing their stores, shrinking global retail

The annus horribilis for global retailers in the fashion industry is yet to end. Covid-19 has been an ongoing catalyst for transformation and at worst had a Darwinian effect, spurring an international reduction of physical shops. According to Modaes, Spain’s economic fashion news outlet, an estimate of closures from three large players including...

BusinessFeatured

Fast Retailing unseats Inditex in terms of market capitalization for the first time

The parent group of Uniqlo has unseated Inditex for the first time in history, rising to the title of the world’s largest retailer by market capitalization after closing the sessions on Monday and Tuesday, exceeding 100 billion dollars in value on the stock market. The value of Fast Retailing, the Japanese company that owns the fast fashion...

Business

Inditex to close all Bershka, Pull & Bear and Stradivarius stores in China

Spanish fashion giant Inditex is reportedly set to close all its Bershka, Pull & Bear and Stradivarius stores in China. Bershka currently has 34 stores in mainland China, Pull & Bear has 37, and Stradivarius has 22. The stores could be closed as soon as January, WWD reports, citing anonymous sources. The three brands, which are all around the...

BusinessFeatured

Inditex profit drops but sales recover over Q2

Inditex generated a net profit of 671 million euros in the nine months of FY20 and 866 million euros in the third quarter, while Ebitda reached 1.85 billion euros in the quarter, down from 2.23 billion euros in the prior year. The company said in a statement that the sales trend continued to improve with sales declining by 14 percent or 10...