Zara
This coverage explores Zara’s role and strategy within the UK retail sector, highlighting store operations, product launches, marketing initiatives, sustainability efforts, and leadership decisions. Reporting provides insight into how Zara responds to consumer trends and competitive pressures — offering valuable context for executives, managers, and professionals in fashion, merchandising, and retail operations.
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Apr- 2024 -2 AprilClothing & Shoes
Shein profits clear $2bn mark ahead of IPO
Shein has seen its profits double to over $2bn (£1.6bn) while it waits to launch its IPO in either London or New York, according to the Financial Times. Furthermore, the company saw its sales jump to $45bn, becoming one of the most profitable fashion companies in the world. Only Inditex,…
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Mar- 2024 -13 MarchNews
Today’s news in brief-13/3/24
Morrisons reported a loss of £1.1bn for the year ending October 2023. The increase in debt, mainly due to the takeover by Clayton Dubilier and Rice, has led to rising finance costs, reaching £735 million. Despite a slight drop in revenues to £1.84bn, underlying profits excluding debt interest costs have…
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13 MarchClothing & Shoes
Zara owner profits surge by 28% in FY23
Zara owner Inditex has welcomed a “very robust” FY23 performance, as profit-before-tax surged 28.2% to €6.9bn (£5.9bn) while sales rose by 10.4% to €35.9bn (£30.7bn).Gross profits rose by 11.9% to €20.8bn (£17.8bn), and EBITDA increased 13.9% to €9.9bn (£8.5bn) as the group reported strong results both in stores and online. …
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Feb- 2024 -23 FebruaryNews
Today’s news in brief-23/2/24
Consumer confidence in the UK dropped by two points to reach -21 in February, according to the GfK index. The survey highlighted decreases in various measures compared to the previous month, including personal finances and the country’s economic situation over the past year. However, there was no change in the…
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23 FebruaryClothing & Shoes
Zara owner expands budget brand Lefties in bid to rival Shein
Zara owner Inditex is reportedly expanding its low-priced, Gen Z-focused brand Lefties in a bid to be competitive against fast fashion rivals such as Shein. According to Reuters, the company is “quietly growing” its budget ranges as part of this strategy, including the expansion of Lefties, which sells €17.99 (£15)…
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8 FebruaryNews
Primark to upsize Metrocentre location
Primark is set to do an upsize of 14,100 sq ft of trading space for the Metrocentre location. The retailer first joined Metrocentre nearly 20 years ago, before relocating into its current site in 2010. Anchoring Exhibition Square, a key junction where Yellow, Blue, and Platinum Malls meet, the shopping…
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Dec- 2023 -14 DecemberNews
Bullring & Grand Central welcomes new retail openings
Hammerson has announced a flurry of new openings at Bullring and Grand Central, the culmination of a transformational year for the Birmingham city centre destination. Nike, Bershka, Pull&Bear, and M&S have opened just in time for the busiest shopping period in the calendar, alongside the Coca-Cola truck having arrived at…
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13 DecemberNews
Today’s news in brief-13/12/23
Walgreens Boots Alliance (WBA), the US-based parent company of Boots, is reportedly exploring an initial public offering (IPO) on the London Stock Exchange, reviving plans to divest the pharmacy chain. Walgreens had abandoned a £5bn sale of Boots last year, citing challenges in global financial markets. The potential IPO is…
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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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