Inditex SA, Europe’s largest clothing retailer, reported first-half profit that topped analysts’ estimates as the Zara owner expanded outside its home market and boosted online sales.
CARACAS, Venezuela — On the rare day that Zara had clothing to sell in Venezuela, the fast fashion was disappearing even more quickly than usual.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
MADRID, Spain — Spanish fashion retailer Inditex, which owns Zara stores, says its net profit fell by 7.3 percent in the first quarter as a strong euro dented earnings in other currencies.
NEW YORK, United States — In the past five years, Inditex has shifted almost $2 billion in profits to a tiny unit operating in the Netherlands and Switzerland, records show. Although that subsidiary employs only about 0.1 percent of Inditex’s worldwide workforce, it reported almost 20 percent of the parent company’s global profits last year, according to company filings.
BERLIN, Germany — Spanish fashion label Desigual is accelerating its expansion in Europe and emerging markets, seeking to ride predictions of fast growth in women's apparel while also taking the colourful brand into new areas like perfume and shoes.
PARIS, France — Retailers in Europe are predicting their best Christmas since the financial crisis, though optimism is laced with caution in the face of rising e-commerce and early discounting in a fragile economic recovery.
MADRID, Spain — Inditex SA, the owner of the Zara and Massimo Dutti chains, reported nine-month profit in line with analyst estimates as the retailer expanded online.
MADRID, Spain — The world's largest fashion retailer, Inditex, shows no sign of stalling and investors are betting that its Zara "fast fashion" model has plenty of room to expand in emerging markets by appealing to the growing ranks of brand-conscious middle classes.
MADRID, Spain — The daughter of Inditex SA co-founder Amancio Ortega became Spain’s richest woman after inheriting her mother’s stake in the world largest clothing retailer.
MADRID, Spain — Inditex SA, the Spanish owner of the Zara and Massimo Dutti chains, reported a 0.7 percent increase in first-half profit that beat analysts’ estimates as the retailer expanded by opening 95 stores in 40 markets.
STOCKHOLM, Sweden — Your grandfather called them his longjohns. At Hennes & Mauritz AB these days, they’re trousers. The Swedish retailer, which typically takes inspiration from the catwalk, today is introducing a new menswear line that pays homage to the company’s history. H&M dusted off material from Mauritz Widforss, one of its two predecessor companies, to create the “Mauritz Archive,” a collection that includes $39.95 long
MADRID, Spain — The Spanish company that owns the Zara chain of clothing stores says co-founder Rosalia Mera has died. She was 69 and Spain's richest woman.