Inditex news and archive

Zara owner Inditex posts sales and profit growth

In the nine month period, Zara owner Inditex recorded sales growth of 7.1 percent to reach 27.4 billion euros. The Spanish group, who also owns other brands such as Massimo Dutti, Pull & Bear and Bershka reported gross profit increase of 7.2 percent to 16.3 billion euros, while gross margin reached 59.4 percent, up 4 bps. The company said in a...

Retail

Inditex temporarily closes stores in Algeria

Madrid – With less than a week to go until Inditex reports on the company's performance during the third quarter of its current 2024 fiscal year, temporary store closures led some to conclude that the Spanish fashion multinational was preparing to exit Algeria. This is far from the truth, as Inditex has assured FashionUnited. At the heart of the...

BusinessFeatured

Inditex's challenge: Can it continue selling more while polluting less?

Recent reports by Reuters have accused Spanish fashion giant Inditex of increasing air freight shipments from its supplier factories in India to its logistics centres in Spain by as much as 70 percent. This increase in air freight, and its associated environmental impact, calls into question the company's ability to continue growing and...

Retail

Massimo Dutti returns to US with Florida store

Inditex’s Massimo Dutti has made its return to the US with the opening of a new store in Aventura Mall, Florida. It builds on a wider strategy by the brand’s parent company to put an emphasis on the US, which serves as its second largest market. Massimo Dutti had initially entered the region 12 years ago with the opening of a location in New...

Business

Severe weather in Spain: The fashion world offers help

Madrid - Inditex, H&M, Mango, Scalpers, Nude Project and many more fashion companies, both national and international, are expressing support and solidarity for the victims of last week's extreme weather in Spain. The storm devastated areas of Castilla-La Mancha and the southern part of metropolitan Valencia, where the clean-up continues as the...

Business

Inditex launches venture capital for tech and sustainable startups

Spanish fashion giant Inditex has announced the launch of a new venture capital as part of efforts to finance textile innovations and advance its own sustainability goals. The Zara parent company has assigned the management of the investment mechanism to venture capital firm Mundi Ventures, which is currently overseen by its founder Javier...

Report

Inditex UK and Ireland MD reportedly exits, successor named

The managing director of the UK and Ireland division of Spanish retail giant Inditex is believed to have stepped down, with a successor already reportedly named. Max Nutz is understood to have exited his role after serving for 25 years at the company, Retail Week reported. He is to be succeeded by the group’s current MD of Australia and New...

Retail

Zara to offer second hand clothes in U.S. market

Inditex's flagship brand Zara is set to launch its Pre-Owned platform in the United States by late October, as revealed in the company's half-year earnings report. This initiative, which allows customers to sell, donate, or repair secondhand clothing, aligns with a broader industry trend towards circular fashion models. The expansion comes...

ManagementFeatured

Zara-owner Inditex posts sales and profit growth

In the first half period, Inditex recorded sales growth of 7.2 percent to reach 18.1 billion euros, showing a positive development both in stores and online. Sales were positive across all concepts. Sales in constant currency grew by 10.2 percent. Commenting on the first half trading Óscar García Maceiras, Inditex CEO said in a statement: “The...

Business

Inditex set to bring Bershka to India this November

Inditex-owned Bershka is believed to be close to debuting in the Indian market following the success of its sister brands Zara and Massimo Dutti in the region. A source for India Retailing told the industry publication that the brand’s first store is scheduled to open November 1 within the Phoenix Palladium mall in Mumbai. While the media outlet...

Business

Inditex joins Canopy's ‘Pack4Good’ initiative

Fashion retail group Inditex, which owns Zara, Berksha, Pull & Bear, Massimo Dutti, Stradivarius, Oysho, and Zara Home, has joined environmental organisation Canopy’s ‘Pack4Good’ initiative to keep vital forests out of paper packaging. Javier Losada, chief sustainability officer at Inditex, said in a statement: "Inditex has worked hard to keep...

Fashion |Opinion Featured

With 61.8m Zara items on sale at Vinted, is circular fashion in trouble?

The substantial presence of 61.8 million Zara garments on Vinted, the popular online secondhand marketplace, presents a complex picture of consumer behaviour, fast fashion, and sustainability efforts in the retail sector. Similarly, the platform lists 59.7 million H&M items, 21.8 million Shein pieces, 21 million Primark items and 10.2 million...