Pull&Bear 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...

BusinessFeatured

‘Canvas for Creativity’: Pull&Bear to expand BFC partnership beyond LFW

It was just this year that Inditex-owned Pull&Bear had announced its sponsorship of the British Fashion Council (BFC) NewGen programme, and yet the retailer has already reaffirmed its commitment to the backing of emerging UK designers. During the latest London Fashion Week (LFW), this scheme took shape in the form of a runway at an exclusive...

Report

Inditex appoints Lucian Dorobantu as CEO of Pull & Bear

Spanish clothing group Inditex announced on Wednesday a change in management at its Pull & Bear brand. José Pablo de Bado Rivas, the previous director of Pull & Bear, has decided to leave the company after more than 30 years, Inditex revealed. The group, which also owns the retail chains Zara, Bershka, Massimo Dutti and Stradivarius, thanked the...

ManagementFeatured

Zara owner Inditex records sales and profit growth

In the first quarter of 2024, Zara owner Inditex reported sales growth of 7.1 percent to reach 8.2 billion euros, while sales in constant currency grew 10.6 percent. Gross profit for the quarter increased 7.3 percent to 4.9 billion euros and gross margin reached 60.6 percent, up 13 bps. EBITDA increased 8 percent to 2.4 billion euros and EBIT...

Fashion Featured

Pull&Bear announced as principal sponsor of BFC Newgen

The British Fashion Council (BFC) has announced Inditex-owned Pull&Bear as the Principal Partner for its Newgen initiative, which supports emerging fashion designers through financial aid, showcasing opportunities, and mentorship. The collaboration, initially set for 12 months, aims to nurture the next generation of global, responsible fashion...

ReportFeatured

Zara-owner Inditex 2023 sales and profit jump

In 2023, Inditex sales grew 10.4 percent to reach 35.9 billion euros with positive development both in stores and online and in all geographical areas and concepts. Sales in constant currency grew 14.1 percent. The company said that store and online sales in constant currency increased 11 percent between February 1 and March 11, 2024 versus the...

Management

Zara-owner Inditex posts profit growth of 32.5 percent

In the nine month period of 2023, Inditex net income increased 32.5 percent to 4.1 billion euros, while sales grew 11.1 percent to 25.6 billion euros. With autumn/winter collections continuing to be well received by the customers, Inditex saw 14 percent increase in store and online sales in constant currency between November 1 and December 11,...

ManagementFeatured

Zara-owner Inditex's nine-month profit jumps

Sales at Inditex reached 23.1 billion euros in the first nine months of 2022, up 19 percent, or up 20 percent in constant currencies. EBITDA in the same period increased 20 percent to 6.5 billion euros, EBIT increased 27 percent to 4.2 billion euros, and PBT increased 25 percent to 4 billion euros. Net income for the period increased 24 percent...

ManagementFeatured

Zara owner Inditex posts sales and profit growth

In the first half of 2022, Inditex sales reached 14.8 billion euros, up 24.5 percent versus the same period of 2021. Sales in constant currencies grew 25 percent. The company said in a statement that sales were positive in all key geographical areas. Commenting on the company’s performance, Oscar García Maceiras, Inditex CEO said: “The results...

BusinessFeatured

Bershka, Pull&Bear and Stradivarius close Tmall stores and exit China

Bershka, Pull&Bear and Stradivarius have decided to close up shop in China as their owner Inditex continues to make adaptations to its business model. According to a statement provided to FashionUnited from Inditex, the three fast fashion chains will cease to operate online activity in the region, including through platforms such as Alibaba’s...

ManagementFeatured

Zara owner Inditex almost triples FY net profit

Fashion giant Inditex has almost tripled its full-year net profit in fiscal 2021 as sales surpassed pre-pandemic levels. The group, which owns brands Zara, Massimo Dutti and Pull & Bear, reported net income of 3.2 billion euros in the year to January 31, an increase of 193 percent compared to the prior year. Net sales came in at 27.7 billion...

ManagementFeatured

Zara-owner Inditex swings to profit, sales increase 49 percent

The Inditex Group reported revenue of 11.94 billion euros in the first-half, representing growth of 49 percent year-on-year or 53 percent in local currencies. Net profit amounted to 1.27 billion euros compared with a loss of 195 million euros in the first half of 2020. The company’s second-quarter revenue grew 7 percent in local currencies to...