PARIS – Sales remain steady at Zara parent company Inditex, though slowing from pandemic highs, with the holiday season up 9 percent so far, in the period from Nov. 1 to Dec. 9. But that number remains slower than the 14 percent boost in sales at the start of the festive shopping season last year. … Read more
While LVMH Moët Hennessy Louis Vuitton‘s Bernard Arnault remains fashion’s richest billionaire by far, Inditex founder Amancio Ortega is closing the gap. “The dynamics among the richest are an impressively precise allegory for the polarization the fashion industry has been going through for years,” management consultant Achim Berg writes in a new report analyzing Forbes’ … Read more
Massimo Dutti is returning to physical retailing in the U.S. by opening a store in the Aventura Mall in Florida that will sport the company’s latest store design. The Spanish brand, which is part of the Inditex Group, has also used the design concept at its stores in Paris, Madrid, Milan, London and its hometown … Read more
Chinese-founded fast-fashion giant Shein saw profits plunge over 70 per cent in the first half of 2024 due to fierce competition from rivals such as PDD Holdings’ Temu, according to a report by The Information. Revenue growth of the Singapore-registered company slowed to 23 per cent during the period, down from 40 per cent for … Read more
BE OUR GUEST: Inditex executive Marta Ortega Pérez took advantage of Paris Couture Week and invited the fashion crowd to come check out Zara Home’s sprawling new flagship store at 117 Rue du Bac, which opened last month across right across the street from Le Bon Marché. Guests oohed and aahed over furniture by the … Read more
PARIS — Zara parent company Inditex said Friday it will gradually reopen its stores in Ukraine beginning April 1. In a statement to WWD, Inditex confirmed the news, which was first reported by The Financial Times, that the retailer is planning to resume activities “based on local market circumstances.” It will reopen about 50 of … Read more
PARIS — Rabanne was not enough of a boost for H&M. Swedish fast-fashion retailer H&M saw its fourth-quarter sales slip 4 percent in local currencies year-over-year. Sales remained flat in Swedish kroner compared to the same period last year, for a total of 62.6 billion kronor, or 5.56 billion euros, in the three month period … Read more
In an about-face, after days of controversy and calls for a boycott over a new campaign that some critics deemed insensitive to the human suffering in the Israel-Hamas conflict, Zara has pulled an ad campaign. The company announced the news Tuesday via Instagram, stating that the campaign had been conceptualized in July and photographed in … Read more
ADVERTISING CONTROVERSY: After being criticized online for a new campaign that featured statues missing limbs and what some claimed was a wrapped body form, and what appeared to some as a map of Palestine as part of the backdrop, Zara has removed the images from its social media channels. The Inditex-owned fast-fashion retailer has faced … Read more
