Inditex news and archive

Is Inditex undervalued or overvalued?

Is Inditex undervalued or overvalued? The valuation of the world’s largest retailer, the parent company of renowned brands like Zara, Massimo Dutti, and Pull & Bear, has been a topic of extensive discussion among analysts. While some argue that the stock is undervalued, others have proposed long-term forecasts, projecting a potential increase in...

RetailFeatured

High street fashion brands are rethinking their store portfolio

Last month, Zara unveiled its largest store yet, a colossal 9,000-square-meter fashion haven in the Dutch city of Rotterdam. The premises, formerly a C&A department store unit, underwent a transformation into a mega-brand experience as parent company Inditex adjusts its international store footprint strategy. Similar XL destinations can be found...

Retail

Bershka leverages 3DLook virtual try-on to boost online sales

Bershka has unveiled a new partnership with 3DLook, a leader among AI-first mobile body measuring and virtual fitting technology, to enhance its online shopping experience. Through the strategic partnership, the Inditex owned brand is set to leverage 3DLook's virtual fitting room solution Yourfit, thereby removing the fit and sizing guesswork...

Business

Zara Canada faces allegations of forced labour by local watchdog

In what has become a continued crackdown on potential malpractices within the supply chains of various fashion companies, a Canadian watchdog is set to launch yet another investigation into claims of forced labour, this time at Zara Canada. The Canadian Ombudsperson for Responsible Enterprise (CORE) is already currently carrying out a number of...

Fashion

Inditex to acquire 2,000 tonnes of recycled cotton waste

Zara-owner Inditex is acquiring the first available 2,000 tonnes of fibre made from Circulose, produced by Swedish company Renewcell from recycled cotton textile waste. The retail group said it has signed an agreement with fibre producer Tanshang Sanyou, which carries out the industrial process of transforming the pulp into textile fibre, to...

Business

Inditex to buy recycled polyester in a 70-million-euro deal

Inditex, which includes fashion chains Zara and Bershka, has signed a three-year agreement with Los Angeles-based material science company Ambercycle to buy its recycled polyester in a deal worth more than 70 million euros. The move will see the retail group buying a “significant portion” of the annual production of Cycora, the innovative...

Business

Inditex collaborates with Maersk to cut down on maritime transport emissions

Spanish fashion conglomerate Inditex has announced a new partnership with freight company Maersk to reduce its global greenhouse gas (GHG) footprint. The partnership sits in line with the ambitious sustainability targets set by the Zara parent company earlier this year, which includes reaching net zero carbon emissions by 2040. Inditex aims to...

Business

Inditex signs agreement with IAF regarding garment industry transformation

Fashion retail giant Inditex has announced that it has signed a framework agreement with the International Apparel Federation (IAF) regarding the transformation of the global garment industry and in support of more sustainable practices and technologies. The deal with the membership organisation aims to drive forward the development of projects...

BusinessPress Release

Inditex and the IAF sign a framework agreement to drive transformation in the apparel and textile industry

The agreement aims to promote a more respectful industry for people and planet by boosting circularity, traceability and worker wellbeing. Inditex and the International Apparel Federation (IAF) - the membership organisation that, through their associations, represents 100,000 manufacturers from more than 40 countries - has signed today a...

ManagementFeatured

Zara owner Inditex posts jump in H1 profit, sales

Spanish fashion giant Inditex has reported robust revenue growth and a 40 percent increase in profit in the first half, ahead of expectations. The group, whose portfolio includes brands Zara, Massimo Dutti, and Pull & Bear, generated revenue of 16.9 billion euros in H1, up 13.5 percent from the same period a year earlier, with the group citing “...

Fashion

Zara launches pre-owned platform in France

Spanish fashion giant Zara, part of the Inditex group, is set to expand its offering of selling, repairing, or donating second-hand clothing in France. The service, which launches on 7 September, is available through Zara's physical stores, its official website, and its mobile app, has already been successfully rolled out to shoppers in the UK...

Fashion

H&M says it will ‘phase out’ sourcing from Myanmar suppliers

H&M has decided to cease its garment production in Myanmar amid concerns about labour abuses in its supplier factories. The company announced its intention to gradually phase out operations in the country, following the lead of other retailers like Inditex, Primark, and M&S, which have also disengaged due to ongoing reports of mistreatment....