Inditex

The Spanish company started in 1963 by Amancio Ortega, where he founded Confecciones GOA, a modest workshop that distributed home garments. Today, Inditex is one of the largest fashion distribution groups in the world and has eight commercial formats, the main one is Zara, that opened its first store in 1975.

During the Covid-19 year, the group reacted by accelerating the importance of proximity on its production, with 49% of total suppliers. The group stopped working with 65 suppliers in China.

Inditex vs. pure players: Zara owner is smaller than Zalando, but bigger than Asos and Boohoo

The fashion retailer had a turnover of 6.6 billion euros online last year. High-street rivals H&M and Gap generated online less than €6 billion each last year.

Inditex formula to lose just €175 million

While analysts consider the fast fashion model to be a risk for the future, proximity sourcing has saved Inditex in the first quarter. The group has reduced its cost of sales in proportion to the drop in sales.

Zara owner rules out furloughs in Spain April despite store closures

Pablo Isla, chairman of the owner of Zara, has announced that it will continue to pay employees without government assistance.

Inditex: best fourth quarter in three years excluding corona imapct

The 287 million euros provision has harmed the final sprint of the year for the Spanish group.

Credit Suisse expects Inditex to grow only 1.7% in Q1 due to the coronavirus

In China, which accounts for 8% of the group’s revenue, the Swiss bank estimates that sales have been reduced by 70% and another 50% will shrink in March and 25% in April.

The low-cost fashion chain remains the largest by number of buyers, with 10.7% million customers in Spain. Pull & Bear overtaken C&A in the fourth position and Springfield has surpassed Stradivarius.

Although done at a slow pace, the Spanish fashion business incorporates methods to connect sustainability with its performance.

The Californian luxury brand has filed a lawsuit against Zara over copyright allegations. Amiri seeks damages in excess of 3 million dollars to make up for the unfair competition and infringement of commercial agreements.

In 2008, 43.5% of the group's suppliers were within the common market. Ten years later, its share dropped to 24.6%.

The Spanish fashion giant has opened twenty-one new stores in Mexico in the third quarter of its fiscal year. In total the group has opened 68 new stores in the period worldwide.

The person in charge of the division will be Javier Losada, up until now responsible of management. The executive works closely with executive chairman, Pablo Isla.

The Spanish giant has reduced its stock by 5% in the third quarter. Its weapons? Store optimization and Rfid.

The group got a gross margin of 60.8% from August to October, three tenths more than in the same period of 2018, and evolves in profitability better than its rival H&M.

Zara’s parent company reached a revenue of 1.2 billion euros (1.3 million dollars) in the third quarter.

Lange is the chief executive officer of Mentis, the software company she founded in 2013. The executive is also member of the board of Orange, Pernod Ricard, amongst others.

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