Zara news and archive

Inditex's challenge: Can it continue selling more while polluting less?

Recent reports by Reuters have accused Spanish fashion giant Inditex of increasing air freight shipments from its supplier factories in India to its logistics centres in Spain by as much as 70 percent. This increase in air freight, and its associated environmental impact, calls into question the company's ability to continue growing and...

Retail

Zara to offer second hand clothes in U.S. market

Inditex's flagship brand Zara is set to launch its Pre-Owned platform in the United States by late October, as revealed in the company's half-year earnings report. This initiative, which allows customers to sell, donate, or repair secondhand clothing, aligns with a broader industry trend towards circular fashion models. The expansion comes...

BusinessFeatured

Zara-owner Inditex posts sales and profit growth

In the first half period, Inditex recorded sales growth of 7.2 percent to reach 18.1 billion euros, showing a positive development both in stores and online. Sales were positive across all concepts. Sales in constant currency grew by 10.2 percent. Commenting on the first half trading Óscar García Maceiras, Inditex CEO said in a statement: “The...

Fashion

Zara partners with Stefano Pilati for new co-ed collection

Zara is teaming up with seasoned designer Stefano Pilati for a new collaboration. Dubbed a co-ed range by WWD, the former Yves Saint Laurent and Zegna creative director is expected to launch a range of 50 styles for men and 30 for women. Pilati, who founded the Berlin-based brand Random Identities in 2017, was one of the first designer to...

Fashion |Opinion

61.8 million Zara items are for sale on Vinted: is circular fashion struggling?

With 61.8 million Zara items listed for sale on Vinted, the popular online second-hand platform, a complex picture emerges of fast fashion consumer behaviour and the sustainability efforts within the retail sector. The platform also lists 59.7 million H&M items, 21.8 million Shein pieces, 21 million Primark products and 10.2 million Mango items....

Fashion |Opinion Featured

With 61.8m Zara items on sale at Vinted, is circular fashion in trouble?

The substantial presence of 61.8 million Zara garments on Vinted, the popular online secondhand marketplace, presents a complex picture of consumer behaviour, fast fashion, and sustainability efforts in the retail sector. Similarly, the platform lists 59.7 million H&M items, 21.8 million Shein pieces, 21 million Primark items and 10.2 million...

BusinessFeatured

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...

Business

Inditex strengthens South American market with Zara store in Venezuela

Inditex has made a re-entry into the Venezuelan retail sector with the inauguration of a new Zara store. This move, achieved through a franchise agreement with local partner Grupo Futura, signifies a strong vote of confidence in the country's retail sector following a three-year hiatus and multiple store closures. The Spanish fast fashion giant...

Fashion

World’s largest fashion brands are using tainted cotton, says investigation

Brazil has long been under scrutiny for deforestation of the Amazon rainforest, but new research from Earthsight shows the destruction of the Cerrado biome, a biodiversity hotspot, has largely escaped notice. While efforts to address the Amazon's plight have seen some progress, deforestation rates in the Cerrado are worsening, driven in part by...

Business

Zara owner Inditex workers protest after record profits

Workers at Inditex's Zara and other big name stores protested outside the company shops across Spain on Friday to demand better benefits after the world's biggest fashion retailer reported record profits and raised shareholder payouts. Blowing whistles and waving union flags, around 100 people demonstrated outside the flagship Bershka store on...

BusinessFeatured

Inditex reveals 1.8 billion euro investment plan for 2024/25

Accompanying the publication of its financial results for the FY23, which were once again at record highs, the Inditex Group also announced some of the main levers that will be used to continue to stimulate its growth, both in the short and medium term. These measures include both the launch of a new logistics expansion plan, through 1.8 billion...

BusinessFeatured

Zara-owner Inditex 2023 sales and profit jump

In 2023, Inditex sales grew 10.4 percent to reach 35.9 billion euros with positive development both in stores and online and in all geographical areas and concepts. Sales in constant currency grew 14.1 percent. The company said that store and online sales in constant currency increased 11 percent between February 1 and March 11, 2024 versus the...