Bershka, Pull&Bear and Stradivarius have decided to close up shop in China as their owner Inditex continues to make adaptations to its business model. According to a statement provided to FashionUnited from Inditex, the three fast fashion chains will cease to operate online activity in the region, including through platforms such as Alibaba’s...
5 Jul 2022
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...
16 Mar 2022
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...
15 Sept 2021
Spanish apparel giant Inditex, which owns Zara, Zara Home, Massimo Dutti, Bershka, and Pull & Bear, has ventured into the world of gaming. Via its youth brand Pull & Bear, the company has launched ‘Pacific Game’, an augmented reality (AR) game available on Facebook and Instagram. The game forms a part of Pull & Bear’s ‘Pacific girls’ collection,...
5 May 2021
Spanish fashion giant Inditex is reportedly set to close all its Bershka, Pull & Bear and Stradivarius stores in China. Bershka currently has 34 stores in mainland China, Pull & Bear has 37, and Stradivarius has 22. The stores could be closed as soon as January, WWD reports, citing anonymous sources. The three brands, which are all around the...
8 Jan 2021
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...
15 Dec 2020
Inditex posted a 44 percent decline in its first quarter turnover to 3.3 billion euros. The company said in a statement that the decline was limited to 44 percent despite as many as 88 percent of the group’s stores being closed at some point during the quarter due to the Covid-19 pandemic. The company added that online sales recorded strong...
10 Jun 2020
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
Pull & Bear is getting cinematic this holiday season. The Inditex-owned brand has released a limited edition capsule collection inspired by Star Wars to coincide with the December 19 theatrical release of the ninth and final installation of the ongoing saga. Available now for purchase in global Pull & Bear stores and through the brand's...
5 Dec 2019
Pull&Bear is going to college. The Inditex-owned young fashion brand has joined forces with the University of California Los Angeles (UCLA) on an exclusive collection themed around the academic institution. The collaboration between the two parties is based upon shared values of youth, diversity and commitment, according to a press release....
14 Nov 2019
Pull & Bear has opened an upsized concept store at Liverpool One. Located on upper South John Street, the 10,200-square-foot space is 3,000-square-feet larger than the original store, and is the brand’s only location in the UK and Ireland to feature Pull & Bear’s new ‘18,1’ design concept. The concept, created by an in-house team, features...
28 Aug 2019
Harking back to the ‘80s, the metallic, chequered and iridescent trends perfectly define the statement pieces from Pull&Bear. Source: Pull&Bear, YouTube.
6 Aug 2019
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