The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MADRID, Spain — Zara-owner Inditex will reopen some of its smaller stores in Spain on Thursday, a source close to the company said, as part of a gradual reopening of the store network in its home market where shops have been shuttered for more than seven weeks.
Spain accounts for the fashion retailer's largest network of stores by far, and the country accounts for nearly 16 percent of group sales. Inditex has a stable of eight brands from Massimo Dutti to Pull & Bear, including the Zara Home homeware label.
Spain imposed one of the strictest lockdowns in Europe on March 14 as it sought to control one of the worst outbreaks of the coronavirus globally, killing more than 25,000.
The government has started to relax the terms of the lockdown, allowing small businesses like hairdressers and shops to open this week, with restrictions.
By Sonya Dowsett; editor: Matthew Lewis
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.