Massimo Dutti news and archive

Massimo Dutti returns to US with Florida store

Inditex’s Massimo Dutti has made its return to the US with the opening of a new store in Aventura Mall, Florida. It builds on a wider strategy by the brand’s parent company to put an emphasis on the US, which serves as its second largest market. Massimo Dutti had initially entered the region 12 years ago with the opening of a location in New...

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Zara owner Inditex records sales and profit growth

In the first quarter of 2024, Zara owner Inditex reported sales growth of 7.1 percent to reach 8.2 billion euros, while sales in constant currency grew 10.6 percent. Gross profit for the quarter increased 7.3 percent to 4.9 billion euros and gross margin reached 60.6 percent, up 13 bps. EBITDA increased 8 percent to 2.4 billion euros and EBIT...

Retail

JD.com partners with Inditex and launches Massimo Dutti store

E-commerce giant JD.com and China’s largest retailer has announced a strategic partnership with Spanish fashion retail group Inditex, home to brands including Zara, Massimo Dutti, and Oysho. The partnership launches with a new flagship store for fashion brand Massimo Dutti on JD.com's marketplace, as part of Inditex’s broader efforts to cater to...

Business

New look: Massimo Dutti presents new logo

Fashion retailer Massimo Dutti, which belongs to the Spanish fashion group Inditex, has revealed a new logo as part of a company-wide rebranding strategy. The refreshed design is characterised by a simple typography that stands out from the old logo with clear, unadorned letters. The redesign of the logo is part of the company's new rebranding...

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Zara-owner Inditex's nine-month profit jumps

Sales at Inditex reached 23.1 billion euros in the first nine months of 2022, up 19 percent, or up 20 percent in constant currencies. EBITDA in the same period increased 20 percent to 6.5 billion euros, EBIT increased 27 percent to 4.2 billion euros, and PBT increased 25 percent to 4 billion euros. Net income for the period increased 24 percent...

BusinessFeatured

Zara owner Inditex posts sales and profit growth

In the first half of 2022, Inditex sales reached 14.8 billion euros, up 24.5 percent versus the same period of 2021. Sales in constant currencies grew 25 percent. The company said in a statement that sales were positive in all key geographical areas. Commenting on the company’s performance, Oscar García Maceiras, Inditex CEO said: “The results...

BusinessFeatured

Zara owner Inditex almost triples FY net profit

Fashion giant Inditex has almost tripled its full-year net profit in fiscal 2021 as sales surpassed pre-pandemic levels. The group, which owns brands Zara, Massimo Dutti and Pull & Bear, reported net income of 3.2 billion euros in the year to January 31, an increase of 193 percent compared to the prior year. Net sales came in at 27.7 billion...

Video

Video: The Nutcracker

In this video, Massimo Dutti has released a video called The Nutcracker. Watch the video below. Video: Massimo Dutti via YouTube Photo credit: Image: Massimo Dutti via YouTube

BusinessFeatured

Zara-owner Inditex swings to profit, sales increase 49 percent

The Inditex Group reported revenue of 11.94 billion euros in the first-half, representing growth of 49 percent year-on-year or 53 percent in local currencies. Net profit amounted to 1.27 billion euros compared with a loss of 195 million euros in the first half of 2020. The company’s second-quarter revenue grew 7 percent in local currencies to...

Video

Video: Massimo Dutti present its limited edition SS21 menswear collection

In this video, Spanish fashion brand Massimo Dutti has presented its limited edition SS21 menswear collection, created using natural materials. The main pieces of the collection include light-wear overshirts, raincoats with a wide silhouette and wide-leg trousers. Watch the video below. Video: Massimo Dutti via YouTube Photo credit: Massimo...

BusinessFeatured

Inditex profit drops but sales recover over Q2

Inditex generated a net profit of 671 million euros in the nine months of FY20 and 866 million euros in the third quarter, while Ebitda reached 1.85 billion euros in the quarter, down from 2.23 billion euros in the prior year. The company said in a statement that the sales trend continued to improve with sales declining by 14 percent or 10...

BusinessFeatured

Inditex returns to profit in Q2, expects further recovery in Q3

Inditex Group sales continued to recover during the first half of 2020 to reach 8 billion euros, decline of 37 percent, helped by an improved second quarter, when the fall in sales slowed to 31 percent, from a decline of 44 percent in the first quarter. The company said in a statement that it also returned to net profit in the second quarter of...