Inditex
This coverage examines Inditex’s performance, strategy, and market presence in the UK and globally. Reporting covers store openings and closures, supply chain innovations, sustainability efforts, brand portfolio developments, leadership changes, and financial results. Designed for professionals monitoring fast fashion, global retail operations, and competitive positioning within the apparel sector.
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Dec- 2023 -13 DecemberNews
Inditex sales and profits rise amid strong autumn trading
Fashion retailer Inditex, the owner of Zara, has reported an 11.1% sales increase to €25.6bn (£22bn) for its 2023 nine months results, with trading boosted by sales from its Autumn and Winter collections. Over the same period, gross profits for the group increased 12.3% to €15.2bn (£13bn), while EBITDA increased…
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Oct- 2023 -30 OctoberClothing & Shoes
Shein acquires Missguided brand from Frasers
Shein has acquired the Missguided brand from Frasers Group. Following the move, Missguided products and collections will be made available to Shein’s 150 million global users as an independent brand via Shein sites, as well as on Missguided.com. Shein also confirmed that it has entered into an agreement to licence…
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26 OctoberNews
Today’s news in brief-26/10/23
Majestic Wines has marked a significant milestone by opening two new stores in one week, a feat not accomplished in a decade. The first store, located in Chippenham, was reopened four years after its closure by previous management. The second, the largest in Wales, is the second-largest in the company’s…
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26 OctoberNews
Inditex signs €70m three-year recycled polyester agreement
Zara owner 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 company has signed a three-year agreement to buy a significant portion of the annual production of Cycora – an…
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Sep- 2023 -18 SeptemberClothing & Shoes
Mike Ashley eyes Missguided sale to Shein
Mike Ashley is looking to sell the online clothing label Missguided to the Chinese-founded online fashion platform, Shein, Sky News has reported. It is understood that the two sides have been in negotiations about a deal for several weeks, which would represent Shein’s first acquisition of a British fashion brand.…
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13 SeptemberClothing & Shoes
Inditex’s H1 profit before tax jumps 39%
Zara and Stradivarius owner Inditex has revealed that its profit before tax rose 39% to €3.3bn (£2.84bn) for the six months ended 31 July 2023. The company’s sales rose 13.5% to €16.9bn (£14.6bn) and as a result the company posted a gross profit of €9.8bn (£8.4bn) which was an increase…
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Jul- 2023 -12 JulyClothing & Shoes
Zara owner accelerates sustainability goals
Inditex, the fashion group that owns Zara, Bershka and Stradivarius, has announced at its annual general meeting that it plans to cut emissions along its value chain by 50% in 2030 to reach net zero emissions by 2040. This comes as CEO Óscar García Maceiras announced the group’s new sustainability…
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Jun- 2023 -7 JuneClothing & Shoes
Zara owner Inditex Q1 sales up by 13% to €7.6bn
Zara owner Inditex has revealed that sales grew 13% in the first three months of 2023 to reach €7.6bn (£6.5bn), as its Spring/Summer collections have been “very well received” by customers. The group reports that sales were also positive in all of its geographical areas and in all brands, with…
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May- 2023 -15 MayNews
Zara relocates to Trinity Leeds for latest flagship store
Zara has recently revealed that it will open its newest flagship store at Trinity Leeds shopping centre, as it upsizes and relocates into the centre from its current location on Briggate. The new 46,000 sq ft store will showcase the latest technological innovations from Zara’s integrated online and physical store…
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Mar- 2023 -15 MarchHigh Street
Zara owner sales jump 17.5% in FY22
Inditex, the parent company of high street retailer Zara, has revealed that sales reached €32.6bn (£28.7bn) in FY22, an increase of 17.5% on the prior year. According to the group, its sales grew 18% in constant currencies across all its key geographical areas both in stores and online. While online…
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