Spanish fashion group Inditex continues to expand its facilities in Arteixo, near A Coruña in Northern Spain. Next month will see the start of the construction works of a new building that will house Zara's sales and design teams.
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Inditex, owner of chains like Zara, has achieved record sales in the third quarter: sales were 10 % better compared to 2019, pre-Covid. Eternal rival H&M has also returned to pre-pandemic levels.
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Inditex is reorganising its management: Óscar García Maceiras will become the new CEO and Marta Ortega Pérez will succeed Pablo Isla as chairwoman in a few months' time.
Some of the world's largest retailers and food producers (including Amazon, Ikea, Inditex and Unilever) are pledging to make their maritime shipping entirely emission-free by 2040.
The world's largest fashion retailer has weathered the impact of the Covid crisis: Inditex, the parent company of chains like Zara, saw its sales rise above pre-Covid levels and is again profitable.
Three years ago, Dobbi started as a laundry and dry-cleaning service for individuals. Today, the platform is profiling itself as a partner for fashion retailers who want to become more sustainable. After the Netherlands and Belgium, the rest of the world is set to follow.
Inditex, the parent company of Zara and Bershka, among others, sold a billion euros less than pre-corona this spring. Yet there is a clear recovery, especially now that measures are easing.
Several fashion companies, including Inditex and Uniqlo, have been taken to court in Paris for covering up forced labour and crimes against humanity.
Inditex, the group behind Zara, Bershka and more, recorded more than 25 per cent less in turnover last year. Net profit even plummeted by 70 per cent. It seems online growth does not yet outweigh the closed doors.
Massimo Dutti, an Inditex subsidiary, has implemented a new augmented reality function in its app: a virtual shoe fitting room.
Despite the impact of the coronavirus crisis, fashion group Inditex's revenue is picking up again. The retailer's online performance is particularly strong.
Access to the store from the palm of your hand: fashion retailer Zara continues to build on his 'integrated' shop model that increasingly blends online and offline. 25 Spanish stores are already taking the next step.
Despite the major impact of the corona pandemic, Inditex returned to profitability in the second quarter. Online growth is particularly strong and the retailer is taking further steps in its digital transformation.
Although Amancio Ortega mainly made his fortune through his textile empire Inditex, the 84-year-old Spaniard has also invested heavily in real estate in recent years. That real estate portfolio would now be worth 15.2 billion euros.
The coronavirus crisis has hit Inditex hard: the Spanish fashion group's quarterly turnover was halved, while profits ended below zero for the first time ever. To make matters worse, recovery is going slower than expected: only in China and Korea has the situation returned to normal.
Spanish fashion group Inditex (Zara) has had a good run in 2019, but is now bracing for the corona crisis. The fashion giant has set aside 287 million euros for future damages and has already closed 3,785 stores worldwide.