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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Jun- 2024 -19 JuneClothing & Shoes
Mango to open new site in Metrocentre
International fashion retailer Mango is set to open a new destination at regional mall Metrocentre. The brand will join the centre’s lower Red Mall later this year, opening its largest store in the region to date. Mango will bring a Mediterranean-inspired and versatile assortment of womenswear and menswear to Metrocentre…
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13 JuneNews
Today’s news in brief-13/6/24
Singapore-based fashion retailer Shein has raised prices by over a third on core items to boost revenue ahead of its anticipated IPO on the London Stock Exchange. Coresight Research estimates Shein’s revenue will reach $50bn this year, a 55% increase from last year. The company’s price hikes have outpaced competitors…
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13 JuneClothing & Shoes
Shein ups prices ahead of planned London IPO
Shein has increased its prices by over a third on some core items in an attempt to boost revenues ahead of its anticipated IPO on the London Stock Exchange. According to Reuters, Coresight Research estimates Shein’s revenue will reach $50bn (£39m) this year, up 55% on last year’s figure. The…
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5 JuneClothing & Shoes
Zara owner Inditex sees sales rise to €8.2bn in Q1
Zara owner Inditex has reported a 7.1% increase in sales to €8.2bn (£6.98bn) in the first quarter of 2024. The group’s gross profit also increased 7.3% to €4.9bn (£4.17bn) and gross margin reached 60.6%. Additionally, the group’s EBITDA rose by 8% to €2.4bn (£2.04bn) and EBIT increased 10.3% to €1.6bn…
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May- 2024 -10 MayClothing & Shoes
Footasylum to upsize location at Metrocentre
Footasylum is upsizing its location at the top five super regional malls Metrocentre. The retailer is set to increase its presence by 25%, taking a 12,375 sq ft unit enabling it to stock a larger range of streetwear, sportswear, and footwear for men, women, and kids. This relocation and notable…
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Apr- 2024 -8 AprilClothing & Shoes
Zara to upsize shop at Bullring and Grand Central
Zara will significantly upsize its store at Bullring and Grand Central, as part of the repositioning of the Birmingham city centre asset and the repurposing of a former department store space. In a move that completes the repurposing of the former Debenhams, Zara is taking the top floor above M&S…
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3 AprilClothing & Shoes
Zara to upsize flagship store at Liverpool One
Zara is set to significantly expand its flagship store at Liverpool One later this year. The Inditex-owned brand will be undertaking a substantial refurbishment and expansion, which will see a brand-new 42,000 sq ft store open at the retail destination. Zara’s notable upsize will allow for an increased offer of…
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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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