Zara news and archive

Shein will soon be bigger than H&M and Zara

Chinese fast fashion giant Shein is poised to surpass both H&M and Zara in revenue this year, with the retailer reporting 23 billion dollars in earnings for 2022, as per data from the Wall Street Journal. The substantial growth in sales anticipated for 2023 further solidifies this position. In the initial three quarters alone, Shein's revenue...

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...

BusinessFeatured

Zara, H&M and American Eagle: Fashion responds to Israel-Hamas situation

On October 7, members of Palestinian militant group Hamas stormed southern Israel in an attack that lasted several hours and claimed thousands of victims. Hamas is recognized as a terrorist group by countries including the US and UK. Following the attack, Israel launched retaliatory air strikes on the Gaza Strip, which is controlled by Hamas....

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....

Fashion |Opinion Featured

H&M is no stranger to copying designs, so why sue Shein?

In 2013, one prominent high street retailer, H&M, faced allegations of unashamedly replicating the latest catwalk trends with near literal translations for its collections. The copies included a white cropped Balenciaga bustier with identical slits, a black Celine 'Sable' dress featuring a recognizable deep V-neck woven with mesh fabric, and a...

Fashion |In Pictures Featured

Barbiecore: Fashion and beauty brands team up with Mattel

Mattel’s favourite doll Barbie is the toast of fashion and beauty ahead of the highly anticipated ‘Barbie the Movie’ film release starring Margot Robbie and Ryan Gosling, with the toy company securing over 100 licensing deals across fashion, beauty, and accessories. Everywhere you go you are bombarded with Barbie pink, with the Barbiecore trend...

ManagementFeatured

Zara owner Inditex sets plans towards a more sustainable model

Spanish retail group Inditex, which includes fashion brands Zara, Pull&Bear, and Stradivarius, has set ambitious sustainability targets at its annual general meeting, including a goal to reach net zero carbon emissions by 2040. At the AGM, which took place on July 11, Inditex chief executive Óscar García Maceiras said the group would focus on...

ManagementFeatured

Zara-owner Inditex reports sales and profit growth

Inditex sales grew 13 percent in the first quarter to 7.6 billion euros, showing positive development both in stores and online. Sales in constant currency grew 15 percent. The company said in its Q1 interim results that sales were positive in all geographical areas and in all concepts. In the first quarter, Inditex opened stores in 17 markets...

Business

Zara names Stripe as payments partner for resale platform

Stripe, a financial infrastructure platform for businesses, has been selected as Zara’s payments partner to process all payments for the retailer’s pre-owned clothing marketplace, Zara Pre-Owned. In a statement, Zara said it will use Stripe Connect to move funds between buyers and sellers of pre-owned Zara products. The multi-payment...

Business

France drops fashion group probe over Uyghur labour

French magistrates have dropped a probe into allegations four fashion groups profited from forced labour of the Uyghur minority in China, prosecutors said Thursday. The national anti-terror prosecutor's office in Paris, which looks into purported crimes against humanity, said it had halted the investigation. The plaintiffs' lawyer William...