PULL&BEAR news and archive

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...

Retail

Lakeside strengthens fashion offer with Pull&Bear and Stradivarius

Lakeside, the shopping centre in Essex, owned by property company SGS and asset managed by Global Mutual, has added Pull&Bear and Stradivarius to its fashion line-up. Clothing and accessories retailer Pull&Bear has opened a new 9,642 square foot unit, while womenswear brand Stradivarius has secured an 8,710 square foot space in the shopping...

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

Bershka, Pull&Bear and Stradivarius close Tmall stores and exit China

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...

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...

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...

Retail

Inditex launches AR game for Pull & Bear girls collection

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,...

Business

Inditex to close all Bershka, Pull & Bear and Stradivarius stores in China

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...

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 plans 1 billion euros investment to boost sales and profit

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...

BusinessFeatured

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,...

Fashion

Pull & Bear launches Star Wars collaboration ahead of new movie

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...