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Fast fashion giant Inditex accelerates sustainability targets

Zara owner Inditex has announced an acceleration of a number of sustainability targets, including a new aim to achieve net-zero emissions by 2040, ten years earlier than previously planned. The fast fashion giant also aims for all the cotton it uses to be “more sustainable” by 2023, two years ahead of schedule, and for all energy in its direct...

Jul 14, 2021

Management

Zara owner Inditex swings to Q1 profit as sales rebound

Spanish fashion giant Inditex has reported soaring sales in the first quarter of the year as it swung to a profit. For the three months ended April 30, sales soared 50 percent to 4.9 billion euros compared to last year when the company was hit hard by global store closures amid the first wave of the pandemic. Compared to pre-Covid 2019 levels of...

Jun 9, 2021

Business

Major fashion brands accused of cultural appropriation in Mexico

Mexico has blasted major clothing brands Zara, Anthropologie and Patowl for using patterns and other elements of Mexican indigenous textiles in their collections without permission, the ministry of culture said Friday. The ministry has sent letters to the three labels asking them to publicly clarify on what grounds "the collective property" of...

May 31, 2021

Fashion

Zara teams up with Fruit of the Loom for capsule collection

Spanish fashion giant Zara has teamed up with US fashion brand Fruit of the Loom to launch their first joint capsule collection. The collection takes inspiration from Fruit of the Loom’s classic styles with bright colours across a selection of t-shirts, sweatshirts with matching shorts and pants, and undergarments. “It’s an honor to collaborate...

May 7, 2021

Fashion

Zara to launch beauty collection

Zara has found its next frontier. The fast-fashion retailer is launching a beauty line that includes products for eyes, lips, face, and nails developed by British makeup artist Diane Kendal, who is famous for creating runway looks for brands including Marc Jacobs, Proenza Schouler, and Tom Ford. The collection will officially launch on May 12....

May 3, 2021

Fashion

Zara collaborates with Starter Black Label

2021 marks the 50th Anniversary of Starter, the athletic brand established in 1971, owned by Iconix Brand Group. To mark the occasion, the Starter brand has launched a partnership with Inditex owned brand Zara to develop and sell a capsule collection for spring/summer 2021. The Starter brand quickly rose to global stardom by connecting fans with...

Apr 1, 2021

Retail

Inditex accused of turning a blind eye amid rising tensions in China boycott crisis

On Thursday, China, backed by the Chinese government itself, started retaliating against the Western boycott of cotton produced in the ‘Uyghur labor camps’ of Xinjiang, calling for its own boycott against international fashion companies. The boycott primarily affected Swedish retail giant H&M on Thursday, but is now also being launched against...

Mar 26, 2021

Business

Fast Retailing unseats Inditex in terms of market capitalization for the first time

The parent group of Uniqlo has unseated Inditex for the first time in history, rising to the title of the world’s largest retailer by market capitalization after closing the sessions on Monday and Tuesday, exceeding 100 billion dollars in value on the stock market. The value of Fast Retailing, the Japanese company that owns the fast fashion...

Feb 17, 2021

Management

Inditex profit drops but sales recover over Q2

Inditex generated a net profit of 671 million euros in the nine months of FY20 and 866 million euros in the third quarter, while Ebitda reached 1.85 billion euros in the quarter, down from 2.23 billion euros in the prior year. The company said in a statement that the sales trend continued to improve with sales declining by 14 percent or 10...

Dec 15, 2020

Fashion

CFDA/Vogue Fashion Fund finalists collaborate with Zara

Could Zara be coming for H&M’s crown as the fast-fashion designer collaboration retailer? A select group of the 2019 CFDA/Vogue Fashion Fund finalists have collaborated with Zara for a limited-edition collection currently available for purchase. The designers who are participating include Barragán, Private Policy, Abasi Rosborough, and Alejandra...

Dec 11, 2020

Management

Inditex returns to profit in Q2, expects further recovery in Q3

Inditex Group sales continued to recover during the first half of 2020 to reach 8 billion euros, decline of 37 percent, helped by an improved second quarter, when the fall in sales slowed to 31 percent, from a decline of 44 percent in the first quarter. The company said in a statement that it also returned to net profit in the second quarter of...

Sep 16, 2020

Report

Inditex budget brand Lefties makes online debut

Zara owner Inditex has launched its budget brand Lefties online for the first time. The brand, which sells clothes for women, men, kids and babies, will initially be available only for online shoppers in Spain and Portugal, with all its collections made available online in both markets. Lefties currently has brick-and-mortar stores in nine...

Sep 4, 2020