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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Jun- 2022 -8 JuneClothing & Shoes
Inditex profits surge 80% to £647.7m
The Inditex Group has reported that its profits increased 80% year-on-year to €760m (£647.7m) in the period ended 1 February to 30 April 2022 (Q1), amid a “sharp” recovery in store traffic and a “good” reception for all seven brands’ new season collections. However, the group made a provision of…
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6 JuneClothing & Shoes
Asos lines up commercial officer for CEO role
Asos is reportedly set to name José Antonio Ramos Calamonte as its new CEO following the departure of Nick Beighton from the role last year. Ramos Calamonte, the current chief commercial officer at Asos, is now said to be the frontrunner for the role, according to The Sunday Times. The…
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May- 2022 -13 MayClothing & Shoes
Inditex and Infinited Fiber Company announce £100m partnership
Inditex and Infinited Fiber Company have announced a new partnership with the goal of advancing new and innovative technologies towards textile-to-textile circular loop. At the core of this partnership is Inditex´s three-year commitment to buy 30% of Infinited Fiber Company’s annual future production volume of Infinna, a textile fibre that…
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Mar- 2022 -16 MarchClothing & Shoes
Inditex FY21 profits surge 199% despite Omicron impact
Inditex, the parent company of Zara, has reported its income before tax surged 199% to €4.19bn (£3.53bn) between 1 February 2021 and 31 January 2022 (FY21), rising year-on-year from €1.4bn (£1.17bn). Net income also surged 193% to €3.2bn (£2.73bn) compared to €1.1bn (£9.29m) in FY20. Additionally, sales increased 36% year-on-year…
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9 MarchClothing & Shoes
Mothercare joins retailers in suspending Russian business
Mothercare has announced that all business in Russia, including the shipment of all its products has been suspended in the wake of the ongoing Ukraine crisis. It comes as major retailers and businesses around the world have all joined in boycotting Russian business in a bid to put increased pressure…
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7 MarchClothing & Shoes
Zara owner Inditex to close all 502 stores in Russia
Inditex, the owner of fashion brands Zara, Pull and Bear and Berksha has announced it is to temporarily close all of its 502 stores located in Russia. One of the largest fashion operators in the world, Inditex has become the latest to cease its operations in the country following the…
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Dec- 2021 -1 DecemberClothing & Shoes
Zara owner names new chairwoman
Zara owner Inditex has announced the appointment of Marta Ortega Pérez, the daughter of the company’s founder, Amancio Ortega, as its newest chairwoman with effect 1 April 2022. Pérez takes over from Pablo Isla who has led the company for 17 years, firstly as deputy chairman and CEO since 2005…
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Nov- 2021 -18 NovemberHigh Street
Eurofund Group launches UK retail arm
Eurofund Group, the international investment and real estate development company has officially launched a UK retail arm. The new UK division will be headed up by Alberto Esguevillas, former development director and country manager at Unibail-Rodamco-Westfield, who has taken the role of CEO UK. He is joined by Mike Rhydderch,…
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Oct- 2021 -21 OctoberSupply Chain
Ikea, Inditex and Amazon sign up to net-zero shipping pledge
Major retailers, Amazon, Ikea and Inditex are among the first to sign up to a first-of-its-kind target to progressively switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040. Through a new collaborative, cargo owner-led network facilitated by the Aspen Institute, the move is designed to…
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Sep- 2021 -21 SeptemberFeatures
September’s retail results: The winners and losers
Retail can be argued as the industry that has shifted the most as a direct result of the global pandemic, and continues to change as we enter a post-pandemic period. The rise of e-commerce has been accompanied by high profile high street closures, supermarkets have become the centre of private…
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