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Inditex, the world’s biggest clothing retailer, has slumped to its first quarterly loss as a public company and announced a €2.7bn plan that will see up to 1,200 stores closed as part of a ...
Jun 11, 2020 · MADRID (BLOOMBERG, REUTERS) - Zara owner Inditex said it is permanently closing as many as 1,200 stores - 16 per cent of it's outlets worldwide - as the world's largest fashion retailer moves...
Mar 13, 2024 · It reported a 10.4% jump in sales to 35.9 billion euros (£30.7 billion) in 2023, compared with 32.6 billion euros (£27.9 billion) the previous year. At fixed exchange rates, sales surged by 14.1%.
Sep 17, 2021 · Zara is recouping its losses as apparel sales rebound. After taking a hit during 2020 due to the coronavirus, the fast-fashion retailer’s revenue has returned to pre-pandemic levels, parent company Inditex reported during its earnings this week.
Sep 29, 2021 · At this moment the French prosecutors opened a probe into Zara and three other fashion brands over the alleged use of forced labor by Muslim minority Uyghurs in Xinjiang province in China for the cotton production from there.
Sep 13, 2023 · Zara owner Inditex has revealed a sharp rise in profits on the back of strong sales of its spring-summer product lines. The world’s largest fashion business, which also owns the Pull & Bear and...
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Jun 5, 2024 · Zara parent Inditex earnings updates: Sales rise 10.6 percent to 8.2 billion euros, with growth momentum continuing into second fiscal quarter.
