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.

The concept of the Spanish group chain specialized in home supplies has diversified its offer once again selling small furniture and electro domestics.

Inditex escapes consumption brake and remains retail’s best positioned group

The Spanish giant that announced one year ago its goal to become a pure player by 2020 presents this Wednesday its first half results. Previsions go by a rise in sales despite consumption brake.

Inditex signs Carlos Torreta to boost Zara’s ecommerce

Torreta, son of the designer Roberto Torreta and husband of Marta Ortega, is a graduate in Fine Arts and Public Relations in Pace University in the United States.

Inditex purchased Stradivarius from the Triquell family the 12th of November of 1999. Back then the company’s revenue didn’t arrive to 100 million euros, today its over 1.5 billion euros.

Inditex, H&M and Kering attend G7 summit

More than twenty fashion and luxury giants confirmed their attendance to the G7 Summit in Biarritz, France to create a path towards a more sustainable industry.

From Inditex to Puig: countdown to reach 2020 goals

Besides giants of the sector in Spain, other fashion players in the country also created goals for 2020 to reinforce their commercial network or double their revenue.

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Inditex Sets 2026 Completion Date for New Distribution Center

Fashion retail titan is set to complete construction of its second logistics hub in Zaragoza by next June, backed by a €600 million investment and adding 1,500 jobs.

Mainstream Fashion’s New Monarch: Fast Retailing Outraces Gap and Surges Ahead of Inditex

With their latest annual results, the Japanese conglomerate led by Uniqlo is pulling further ahead of the American company Gap, which is grappling with its reliance on the domestic market, and is closing the gap with Swedish rival H&M.

Bershka Joins Inditex’s Strategic Expansion into the Mercosur Market

The Spanish retail powerhouse gears up to launch a new outlet in Sao Paulo’s bustling Morumbi Shopping Mall. With Zara and Zara Home, the company already has 51 stores across Brazil.

Jose María Castellano, Marco Agnolin, Ramón Gago, José Manuel Martínez Gutiérrez, Victor Herrero or Costas Antimisaris, are some of the executives of the fashion system that trained in the Spanish giant.

While the textile commerce in the world sank in 2018 with a descent of 2.38%, giants in Zara’s kingdom rose 2.17%.

Beltrán Espinosa de los Monteros has left the company after three years on the lead and will be relieved by Javier Ergirón.

The group, that plans to sell online all around the world next year, will launch its global ecommerce platform for Bershka in September, and plans to reach 106 new countries.

The parent company of Zara is the one that has closed the most stores, although it also opened the most in this period. H&M, on the other hand, closed only 488, although it has accelerated its reorganization in the last years.

Eva Serrano, until now commercial director of the group in Asia, will assume the direction of Chinese market.

The company has also committed to make all of its stores ecoeficient by the end of this fiscal year, a year before it initially planned.

The inventory of the four giants has risen by 66% since 2014. H&M and Fast Retailing hold the largest stock, at around 20% of their annual revenue.

Turkey has overtaken Spain as Inditex’ biggest near-sourcing hub, according its last annual report. China is its largest supplier, with 449 partners in 2018.

The gross margin of the group stood at 59.5% of sales in the period, representing an increase of 61 basic points over the same period of the previous year.

Inditex’s president insists on the integrated global model, which allows the company to give a service to the customers in any point at the time that makes a bet for fashion.

Zara parent company billed 5,927 million euros, 5% more, and reached a net benefit of 734 million euros.

The group has created a specific group of work within the management board to follow the strategy in sustainability, monitoring the supply chain, and narrowing the relation with all the groups of interest.

Stradivarius was the group’s concept that more contracted its commercial network, with fifteen net closures in the first semester. It was followed by Zara Home (now integrated in Zara) with eight closures.

Spanish distribution’s group chain will disembark during the following months in Qatar, Kuwait, Bahrein, Omar and Jordan, as well as in other markets like South Africa, Colombia, Philippines and Ukraine.

It is the second part of the extraordinary plan of workers’ participation in the growth of company’s benefits between 2018 and 2019.

The Spanish giant will present its quarter results next Wednesday, but the analist already expect the continuation of group's growth, while shrinking margins.

Jose María Castellano left the company in the last shareholders general meeting. The executive had joined the management board in 2014, which implied his comeback to fashion business.

The new Zara’s parent company CEO has a large path within the company, key to convince the “old guard”, as well as transversal knowledge of the Spanish multinational company.

The executive was appointed one year ago as operations superdirector, heading sistems, logistics, and transport areas, as well as purchase, sustainability, hiring and works departments.

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