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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Sep- 2021 -15 SeptemberClothing & Shoes
Zara owner sees H1 net profits reach £1.08bn
Inditex, the owners of fashion chain Zara, has revealed it has returned to profit following the negative impact of the Covid-19 pandemic, posting net profits of €1.27bn (£1.08bn) for the first half of the year ended 31 July 2021. The high profit intake compares with a previous year’s loss of…
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Jun- 2021 -9 JuneClothing & Shoes
Inditex sees Q1 sales rise 50% to over £4bn
Inditex, the owner of Zara, has announced that its sales soared by 50% to €4.9bn (£4.2bn) in the first quarter of 2021, while online sales rocketed 67% in the same period. Net profit totalled €421m (£362m) in the quarter, up from a loss of €409m (£352m) reported in the first…
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Apr- 2021 -20 AprilClothing & Shoes
Zara to open new flagship store in Cardiff shopping centre
Zara has announced that it will open a new flagship store at St David’s shopping centre in Cardiff this summer. The new 36,500 sq ft store will be located on Upper Grand Arcade, opposite new entrant Morphe Cosmetics (opening this summer), and near BoConcept’s UK debut store concept (opening this…
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Mar- 2021 -15 MarchClothing & Shoes
LionRock capital completes Clarks deal
LionRock Capital has confirmed the completion of its partnership with Clarks, as initially announced on 4 November 2020, which will see it acquire a majority stake in the business for an investment of £100m. The board has also announced the appointment of Victor Herrero as executive chairman and CEO, replacing…
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10 MarchClothing & Shoes
Inditex profits fall to €1.1bn despite strong online sales
Inditex, the parent company of fashion retailers Zara and Massimo Dutti, has revealed a fall in profits to €1.1bn (£940m) for the financial year ending 31 January 2021 – as Covid-19 forced many of its stores to close. The retail group revealed that its sales fell 28% to €20.4bn (£17.4bn),…
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Mar- 2020 -20 MarchClothing & Shoes
TK Maxx closes UK stores amid Covid-19 virus outbreak
Discount store TK Maxx has become the latest retailer to take the decision to temporarily close its stores amid the recent outbreak of coronavirus. TK Maxx has announced all stores in the United States, Canada, Europe and Australia have will close for two weeks. The company has also announced it…
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19 MarchClothing & Shoes
Zara closes almost 4,000 stores globally amid coronavirus outbreak
The parent company of Zara has closed almost 4,000 of its stores across the globe amid the recent outbreak of the coronavirus. Inditex warned the pandemic has had a “significant impact” in certain markets resulting in temporary closures of 3,785 of its stores, as the group was forced to close…
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Dec- 2019 -11 DecemberClothing & Shoes
Inditex reveals boost to net sales and profit
The parent company of Zara, Inditex, has posted “strong” trading results for the first nine months of the year. Following a “strong operating performance”, net sales across its brands were €19.8bn (£16.73 bn) marking a year-on-year increase of 7.5%. Net profit for the fashion group, which also owns Massimo Dutti,…
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Nov- 2019 -18 NovemberHigh Street
Mike Ashley to seek turnover rents across Sports Direct Portfolio
Sports Direct owner Mike Ashley is reportedly seeking rent agreements with landlords that will see them linked to store performance. According to the The Sunday Times, Ashley has asked landlords to turnover rent agreements that will see up to 15% of the rent paid linked to store sales. It is…
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Sep- 2019 -11 SeptemberHigh Street
Inditex reports record net sales and revenue in H1
Inditex Group, owners of retail chain Zara has reported record revenue and net sales for the first half of 2019. Net sales topped €12.82bn (£11.4bn) for the first time, a year-on-year growth of 7%, for the period from 1 February-31 July 2019. Net profit hit a new record of €1.55bn…
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