
Inditex’s Zara has seen its UK profits falling even though sales there have continued to rise. Full-year 2018/19 sales rose around 10% to £772.5m, but profits were halved as selling and distribution costs rose 7%.
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Inditex’s Zara has seen its UK profits falling even though sales there have continued to rise. Full-year 2018/19 sales rose around 10% to £772.5m, but profits were halved as selling and distribution costs rose 7%.
The Spanish group’s fastest growing and most upmarket brand is eyeing an international roll out following the opening of a pop up store in Covent Garden, London.
Fashion retailer H&M’s newest independent business, outlet brand Afound, will focus more on online expansion and less on physical store expansion than previously planned, it said on Tuesday.
The Spanish group, owner of Zara, thinks that a no-deal Brexit would not have a major impact on its business. However, risks have been identified, such as delays in the transit of goods, among others.
Confident it can crack the $300 billion U.S. clothing and shoes market, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America.
Zara continues to be the group’s largest brand, while Stradivarius and Uterqüe are the fastest-growing formats. FashionNetwork.com takes an in depth look at brand performance and Inditex’s long-term vision.
Zara is set to double the size of its current unit at Bluewater shopping centre in Kent to open one of its largest flagship stores in the country. The larger space is expected to open in 2020.
Inditex has seemed unstoppable for years and its results on Wednesday showed no sign of that changing any time soon. The fashion retail giant reported H1 sales growth of 7% with new revenues and profits records.
After Shanghai and Paris, the label chose its flagship store on Paseo de Gracia as the ideal location to present its latest Autumn/Winter collection. The exclusive event was held in partnership with Kate Bosworth.
Inditex has recruited Carlos Torretta, the husband of Marta Ortega and son of designer Roberto Torretta, to join the communications team in the e-commerce division of Zara.com.