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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 push...
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...
Jun 5, 2024 · PARIS — If consumers are tightening their belts amid inflation and cost-of-living concerns, they are still buying them at Zara. The high street brand’s parent company Inditex continued its...
- Rhonda Richford
Dec 13, 2023 · Zara owner Inditex has reported a slowdown in sales growth, underscoring concerns about weakening consumer spending in the fashion sector.
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...
- Henry Saker-Clark
Sep 21, 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.
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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.