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Zara owner Inditex reports strong Q1 sales, profit growth

Spanish fashion giant Inditex has reported a surge in sales and net profit in the first quarter of the year. The group, whose portfolio includes brands Zara, Massimo Dutti, and Pull & Bear, posted a 36 percent year-on-year increase in sales to 6.7 billion euros in the three months to April 30. Inditex said its spring-summer collections have been...

Jun 8, 2022

Retail

Zara to charge customers a fee for returning goods bought online

Without fanfare or a major announcement, Zara last week began charging fees for online shoppers returning its clothes. The 1.95 pound cost will be waived if customers return items in its physical stores, but not if returned via a convenient third party drop-off point. The cost of returns has soared in recent years as online shoppers order...

May 12, 2022

Fashion

Zara collaborates with Good American on US capsule and pop-up

Spanish fashion chain Zara has revealed a new collaboration with Good American, a clothing brand co-founded by reality star Khloé Kardashian, in the form of a size inclusive capsule for the US market. The collaboration combines the Inditex-owned brand’s garment manufacturing chain with Good American’s status as a B Corp company, resulting in a...

May 9, 2022

Fashion Featured

Zara Woman launches collection for “outdoor” activities

Zara, the main chain of Spanish fashion giant Inditex strengthens its position in the growing and highly resilient sportswear sector with the launch of its first sports collection for women. A collection targeted at outdoor activities, designed especially for the practice of high-impact outdoor sports such as cycling or climbing. With the aim of...

May 9, 2022

ManagementFeatured

New era for Zara: Ortega Ortega takes the helm

Marta Ortega on Friday took the reins of Zara-owner Inditex, the group founded by her father, and faces an immediate challenge after the fashion giant temporarily closed shops in Russia, its second biggest market. With neither fanfare nor ceremony, the 38-year-old daughter of multibillionaire Amancio Ortega took over the world's biggest fashion...

Apr 1, 2022

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...

Mar 16, 2022

BusinessFeatured

Zara closes all Russian stores, as fashion industry calls to end Ukraine war

Zara parent Inditex has closed all of its 502 stores in Russia, as more retailers, brands and designers call for an end to Russia’s war on Ukraine. The high street giant follows H&M, Mango and Ikea, all of whom have temporarily shuttered their doors. While many businesses stop short of publicly condemning Russia for its Ukraine invasion, the...

Mar 6, 2022

Retail

Stepping up its expansion, Mango opened 221 stores in 2021

Nothing as trivial as a pandemic will slow down fast fashion’s rate of expansion. While many businesses, from Asos to Shein saw record growth online, some companies, like Mango, have been expanding on the physical front. The Spanish retail giant opened 221 new stores last year, reaching a total store portfolio of 2,447, a near 10 percent...

Feb 1, 2022

Fashion

Zara partners with New York City Ballet on collection

Fashion retailer Zara has revealed a collaborative project with the New York City Ballet for the upcoming spring/summer season. Unveiled through the brand’s Instagram, the collection is inspired by the “ethereal forms” of tulles and silks, with ballet-like silhouettes a prominent part of the line. Campaign images for the collaboration show...

Jan 24, 2022

Retail

Zara mulls new stores in Ireland

Zara is reportedly considering opening new stores in Ireland despite taking a hit to its sales and profit during the pandemic. The Irish arm of the fast fashion giant swung to a loss of 893,000 euros in its last financial year compared to a profit of 4.5 million euros a year earlier. But despite the loss, the Inditex-owned business is looking to...

Dec 31, 2021

Fashion Featured

Zara invests in 238 million euro headquarters

Zara has invested 238 million euros into a new headquarters that will house the Zara sales and design teams within Inditex’s complex in Arteixo. Construction on the new headquarters will begin in January, subject to the necessary permissions, and are expected to last around two years. The new facilities, which are being designed with a focus on...

Dec 24, 2021

Fashion

Zara collaborates with LanzaTech on recycled carbon emissions capsule

Biotechnology firm LanzaTech has revealed the process behind its recycled carbon emissions capsule, made in collaboration with Inditex’s Zara. The designs involve the incorporation of fabric made with carbon emissions, aiding the retailer in avoiding the transmission of those emissions into the atmosphere by using LanzaTech’s trademarked...

Dec 16, 2021