Inditex news and archive

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 demands transparency from Better Cotton

Better Cotton, the world's largest cotton sustainability programme, is being asked to answer to growing concerns raised by fashion giant Inditex. In a letter to Better Cotton CEO Alan McClay, Inditex demanded a plan to clarify transparency on cotton traceability following allegations of "illegal practices" by the NGO Earthsight, according to...

Fashion Featured

Major fashion brands and retailers face growing water-related risks

A pioneering report by Planet Tracker has unveilsed significant water-related risks confronting major fashion brands and retailers, including Adidas, Gap, H&M, Inditex, Levi Strauss, Nike, PVH Corp, Ralph Lauren, and VF Corp. Amid escalating water stress in critical manufacturing regions, the report urges companies and investors to prioritise...

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...

Business

Investors of Inditex reportedly pressuring company to go public with suppliers

Inditex is said to be facing pressure from investors to make the details of its suppliers public in a bid to better assess supply chain risks. It is understood that many of the Spanish group’s investors are demanding for greater transparency from the firm, according to Reuters, a call that comes at a time when many clothing retailers are keen to...

Business

Inditex plans to reopen branches in Ukraine

Inditex, the Spanish parent company of popular fashion brands such as Zara, Massimo Dutti, Pull & Bear, Stradivarius and Bershka is planning to gradually reopen its shops in Ukraine from 1 April. Inditex confirmed the plan to FashionUnited on Friday and emphasised that the opening of shops would depend on local market conditions. The safety of...

Business

Inditex plans Lefties brand expansion to compete with fast fashion rivals

Zara owner Inditex is believed to be setting about on a major expansion plan for its low-priced label Lefties in a bid to bulk up against competition from fast fashion rivals. Lefties is understood to be a key part of the Spanish fashion conglomerate’s strategy to bolster its budget ranges, according to Reuters, which said that the brand’s...

Fashion

Garment workers among the lowest-paid industrial workers globally

A decade after global fashion brands committed to raising garment workers' wages to a living wage, progress remains slow. In Bangladesh, where around 600,000 people work for H&M, workers earned an average of 119 dollars per month in the first half of 2023, below the 194 dollars living-wage benchmark, reported the Wall Street Journal. Advocates...

BusinessFeatured

Clash of the Titans: Why are Zalando and Inditex arguing about plastic bags?

While plastic bags of all kinds are now a rarity on most high streets, they continue to play a major role behind the scenes, particularly in online retail. A fact that is now said to have led to a dispute between the Spanish fashion group Inditex and the Berlin-based online retailer Zalando. Unnoticed by many customers, most items of clothing...