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Zara owner Inditex has reported a 7.2% year-on-year increase in revenue to €18.1bn (£15.3bn) for the period 1 February to 31 July 2024, as a result of strong spring/summer 24 sales. "Our fully integrated model continues to generate opportunities for profitable growth across all concepts, regions and channels." Click below to read more. #zara #inditex #sales #retailnews #fashionnews

News from the apparel world of retail with global giant MANGO, which is celebrating its 40th anniversary and celebrating $1.1 billion + in ecommerce sales alone! The company aims to make the U.S. its third-largest market internationally (currently 5th) and plans to open 30 additional stores in North America. What makes it so successful, and how will this happen? 🛍️ Outperforming Competitors: Spanish retailers like MANGO and Inditex are doing better than competitors like H&M, focusing on a narrow niche between everyday fashion-forward and trendy. Their strategies emphasize long-term growth rather than short-term trends. 🛍️ Inditex's Investment: Inditex, owner of Zara, announced a $2 billion investment to bolster its logistics infrastructure and support sales growth. This investment includes opening new stores, refurbishing existing ones, and upgrading its #ecommerce operation. 🛍️ Global Expansion Plans: Mango plans to open 500 new stores globally by 2026, targeting key locations including the U.S., Canada, European countries, India, and its domestic Spanish market. 🛍️ Collaboration with #VictoriaBeckham: Mango announced a collaboration with Victoria Beckham, offering a collection of slip dresses, knitwear, and accessories. This collaboration aims to reach a wider audience while maintaining Beckham's aesthetic and DNA. Overall, Mango reported a significant increase in net profits, reaching $188.1 million, with sales rising by 15% in 2023, due to its strong performance to party wear and fashion apparel for upscale shoppers. 🔗 Read the article in The Robin Report: link comments. #Retail #Apparel #FashionRetail #Fashion https://lnkd.in/d3CkJZkk

Zara owner Inditex posted another record quarterly profit on Wednesday as strong online and in-store sales gave the world’s biggest fashion retailer a boost. The Spanish group, whose other brands include Massimo Dutti, Pull & Bear and Bershka, reported a profit after tax of 1.68 billion euros ($1.77 billion) for the third quarter, up six percent from the same period last year. While it beat the record for a single quarter, it was lower than the net profit of 1.77 billion euros forecast by analysts surveyed by financial data firm FactSet. For the first nine months of 2024, Inditex said net profit reached 4.45 billion euros compared to 4.1 billion euros over the period last year. Sales grew seven percent to 27.4 billion euros over the nine-month period ending October 31. “Inditex continued with a very robust operating performance due to the creativity of the teams and the strong execution of the fully integrated store and online business model,” it said in a statement. The company also reported a strong start to the fourth quarter, with store and online sales between November 1 and December 9 rising nine percent from the period last year.

Good to speak to Anna Wise at The Independent this morning about my thoughts on Zara owner, Inditex's Q1 performance. Despite experiencing a slowdown in sales for the first quarter when compared to last year, the business continues its growth trajectory and saw a strong start to the second quarter. Sales between 1 May and 3 June increased 12% on last year with Spring/Summer collections well received by consumers. A stepped-up capital expenditure programme sees the business investing 900 million euros per year into logistics. Yet, despite this heavy investment, gross profit increased 7.3% for the period indicating that early action when it comes to operational efficiencies can pay off. Central to Inditex's success is its fashion-forward approach, allowing the business to pitch itself at the higher end of the fast-fashion market with higher prices to reflect its position. Customer-centricity remains a key strength with innovation in this area a key focus for the company. This is evidenced by Zara's recent announcement to introduce QVC-style live shopping broadcasts in the UK, following successful trials in China. With the improving economic climate, Inditex shows no sign of slowing in its growth as we move through the year. Read the full story below >>>

Zara owner Inditex sales grew 7.1% to €27.4bn for the first nine months of 2024, and gross profit grew 7.2% to €16.3bn, with growth driven by strong demand for its autumn-winter collections. #Retail #RetailNews https://lnkd.in/dYfRiTqR

'🎉 Zara to offer second hand clothes in U.S. market 🇺🇸👕🌎 #SecondHand #SustainableFashion #ZaraUSA. For more insights, check out databoutique.com, your biggest source for public data 📊💻 #DataDriven ' by FashionUnited about ZARA ITALIA

In the US, MANGO often plays second fiddle to rival Spanish brand Zara. This is mostly because Mango has fewer stores and isn’t quite as well known. While Mango is a fast fashion player, it is a somewhat slower fast fashion player than retailers like Zara and Shein. It has more of a focus on classic styles and relies less on constant drops of new assortments to drive sales. Its aesthetic is elegant with a mix of elevated everyday products and bold statement pieces. From our data, Mango has built a good reputation for reasonable quality at good price points and puts a lot of focus on areas like fit, cut and fabric. I enjoyed chatting with Julia Waldow for her Modern Retail article about the expansion plans of the fashion chain. Link to article in the comments. #retail #retailnews #fashion #apparel #expansion

Zara, owned by Inditex, will roll out its secondhand clothing platform in the U.S. by the end of October. This initiative, aimed at reducing waste and extending the life cycle of garments, allows customers to sell, repair, or donate used clothing through Zara stores, its website, and an app. The service, already operating in 16 European countries, is part of Inditex’s broader strategy to offer it in all key markets by 2025, as part of efforts to cut raw material consumption. Additionally, Zara will introduce live shopping shows in the U.S. and other major markets, following their success in China, where weekly live events have driven sales since their launch in November. Inditex CEO Óscar García Maceiras reported that Zara's online platforms attract over 22 million daily visitors, though no specific data has been shared on how many customers are using the secondhand service in current markets. Other fast fashion retailers, such as H&M, also offer resale services, including through partnerships like ThredUp in the U.S. Source: https://lnkd.in/e5eA4fP9 #Sustenability #Retail #Fashion #RetailNow #Life #Waste #Customer

Inditex posts H1 sales increase 👏 The fast fashion group, which owns brands such as Zara, PULL&BEAR and Massimo Dutti, has reported a 7.2% increase in sales for the first half of 2024, reaching €18.1 billion. During the first half of the year, the group opened in 34 new markets and has expanded its store estate to 5,667. The group has stated that it will look to focus on 'improving its fashion proposition, enhancing the customer experience, improving sustainability, and preserving the talent and commitment of its people'. It will also work on scaling up its capabilities to generate efficiencies and increase its competitiveness. CEO, Óscar García Maceiras, commented: "The design and quality of our fashion proposition and the experience we offer our customers are, together with the efficiency and increasing sustainability of our operations, the keys to the solidity of these results." “Our fully integrated model continues to generate opportunities for profitable growth across all concepts, regions and channels.” #News #Fashion #FastFashion #HighStreet #Sales #Revenue #Growth

Fashion retailer Inditex was the best-performing stock in Europe after it said shoppers had been snapping up its spring and summer fashions despite poor weather across Europe that’s hampered rivals. The ZARA SA owner’s upbeat start to the season comes as it reported quarterly sales and profit that met expectations, with growth decelerating on tough comparisons and a weak consumer environment. The shares rose 4.8 percent at 9:14 a.m., after jumping as much as 5.3 percent at the opening in Madrid. Sales rose 12 percent at constant exchange rates from May 1 to June 3, in a sign that the second quarter is going better than expected. The Arteixo, Spain-based company also posted operating income of €1.6 billion ($1.74 billion) in the three months to April 30, meeting the average estimate from analysts. Read the full story at BoF.