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...
16 Sep 2020
Zara-parent Inditex postpones dividend, books 287 million euros inventory provision
Inditex Group’s net sales increased by 8 percent in FY19 to 28.29 billion euros (31.14 billion dollars), underpinned by growth across all of its brands and in all of the geographies in which it has a presence. However, the company saw its store and online sales in local currencies decrease by 4.9 percent between February 1 and March 16, 2020,...
18 Mar 2020
Massimo Dutti ends kids collection
Massimo Dutti's parent company Inditex is dropping Massimo Dutti Kids in order to focus more on Zara Kids. Massimo Dutti's upcoming spring/summer collection will be the last to include a kids collection. Stores offering the kids range will see that square footage converted to more space for the men's and women's collections. Employees who worked...
2 Mar 2020
Video: Massimo Dutti Menswear FW 2018/19 Full Fashion Show
Presenting Massimo Dutti Fall Winter 2018/2019 full fashion show. Source: FF Channel, YouTube
3 Sep 2018
Video: Massimo Dutti Womenswear FW 2018/19
Massimo Dutti Womenswear Fall/winter 2018/19 in Shangai. Source: Fashion Feed, YouTube.
28 Aug 2018
Inditex says its integrated retail model driving sustained growth
At the Annual General Meeting (AGM) held at its headquarters in Arteixo, Inditex Chairman and CEO Pablo Isla highlighted the company’s integrated stores and online model which has enabled “sustained growth over the years”. "All of Inditex’s brands benefit from a robust integrated store and online platform. In 2017, online sales already accounted...
18 Jul 2018
Zara owner Inditex posts strong profit rise in Q1
Spanish clothing giant Inditex, owner of fast-fashion brand Zara, Wednesday reported a sharp profit rise for the three months to April, and said it created more than 10,000 new jobs in a year. Inditex made 654 million euros (734 million USD) over the period, the first quarter of its financial year, a rise of 18 percent year-on-year and more than...
14 Jun 2017
Inditex aims to roll out integrated online and store model in China
Spanish fashion conglomerate Inditex has its sights set on becoming an apparel powerplayer in China, as its chairman and CEO, Pablo Isla, met with Zhong Shan, China's International Trade Representative to reaffirm the group's commitment to the Asian market. Isla shared plans with Zong to roll out the group's integrated online and...
19 Jan 2015
Inditex sees online sales boom
Online sales for Spanish fashion conglomerate Inditex have increased as much as 42 percent to a record amount of 553 million euros (442 million pounds). Turnover for the fashion company also grew to 16.7 billion euros (13.3 billion pounds), up from 15.6 billion euros (12.4 billion pounds) last year, according to Spanish newspaper Expansion....
21 Nov 2014
Massimo Dutti gets FIPB nod to open stores in India
Massimo Dutti has finally got clearance to set up shopsin India. The Foreign Investment Promotion Board (FIPB) has given a green signal to the brand to open stores. The brand owned by Inditex, is venturing into the Indian market through a 51:49 joint venture with Tata Group's Trent. The joint venture will open five stores in two years with an...
1 May 2013