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 Spanish giant of fashion distribution signed an agreement with the Massachusetts Institute of Technology (MIT) to jointly develop technological research lines.

What can Inditex do to continue growing?

With fashion languishing in mature markets, the Spanish giant has to take another twist if it wants to maintain the growth rates. Purchases are seen as the fastest and most effective option.

Sprint after a long race: Inditex takes off in US after 30 years

A wave of brands has left its flagship stores in what was the most expensive street in the world to open a commercial business, pushing down the rents.

The company has opened more points of sale in the last four years than in the previous six. Today, the group will open a new store in Hudson Yards.

Inditex shrinks profit in fourth quarter since 2014

The group ended the last quarter of fiscal year 2018 with a 2.04% drop compared to the same period of 2017. Sales, meanwhile, increased, so profitability fell.

Inditex to merge Zara and Zara Home offer, independent stores remain

The Spanish giant of fashion distribution presents the sales result of both concepts together and will start selling Zara Home products in Zara’s online store from next autumn.

Most read

Inditex Strengthens Presence in India by Acquiring 80% Stake in Zara Joint Venture

Zara’s Spanish parent company has upped its share in the partnership with Trent, a Tata Group affiliate, highlighting India’s growing significance as a key player in the global fashion arena.

Inditex Hits All-Time High on Stock Exchange, Reaches $174 Billion Valuation

The shares of the Galician fashion distribution giant have risen this Friday by 1.85%, to 56.1 euros per share. So far this year, the shares of the owner of Zara have appreciated by 12%.

Zara Expands Its Asian Footprint with Osaka Flagship and Japanese Zacaffè Launch

Inditex marks its 50th anniversary with a sprawling 20,400-square-feet store and its debut café, enhancing the customer experience strategy, joining the Hermosilla Street location in Madrid.

The group had a revenue of 3.2 billion euros through electronic commerce. In the countries that have online store, the channel represents 14% of sales.

Zara’s owner group registers a worse evolution than previous years but manages to rise its margin by four tenths.

The group will distribute 32 million euros among the workforce in its Extraordinary Profit-Sharing Plan. As of 2019, the incentive will be tied to sales growth.

The company will present next Wednesday the results of fiscal year 2018, the first after completing the restructuring of its network of stores and in full transformation into becoming online operator.

The Spanish giants keeps relying on marketplaces for its online offensive. Last October it already introduced Oysho, its intimate chain, in Lamoda.

With a trajectory of more than twenty years in Inditex and after leading the chain Cortefiel in 2015 and 2016, the Spanish executive leads in Spain the commercial office of an industrial group in Bangladesh.

The ACT project, boosted by IndustriAll Global Union, assigned Turkey to Inditex, Cambodia to H&M and Myanmar to C&A to coordinate the application of a sectoral collective bargaining.

The Moody’s analysts are optimistic but careful about the future of retail.

Alfred Vernís, Sustainability Academic Director at Inditex, will be responsible of the closure of the upcoming edition of the congress, which will be held on 5 February in Teatre Nacional de Catalunya (TNC).

The Spanish giant shaped its size all through last fiscal year, first with the announcement of its network of stores and then with its jump online.

The Spanish fashion group’s gross margin surpassed for the first time the 60% since 2015. “We have answered to a volatile and challenging background without discounts”, explained Pablo Isla.

The group ends the first nine months of the fiscal year (comprehended between February and October) with a volume of business of 18.43 billion euros, up by 3%.

Even though in base to October 2017, almost all chains shrunk their network of stores, during the third quarter (the one that comprehends the majority of openings) Inditex added twenty new stores up.

The group is facing a litmus test in its quarterly results after a weak half-year and during full transformation of its business model.

The e-commerce group, one of the biggest in Europe regarding volume of business, has appointed Sara Díez as new vice-president of the woman category. Her designation coincides with the Sergio Odriozola’s departure from the company.

Until now, the executive was the chief manager product and merchandising of zLabels, a subsidiary of e-commerce group Zalando’s own brands. Previously, Odriozola had worked for more than eleven years in Mango.

Amazon, L’Óreal and LVMH are some of the companies that appear too in FutureBrand’s last ranking, occupying the positions number 21, 56 and 70 respectively.

Zara’s first store in the country opened its doors in 1998. Today, 108 of the group’s stores are established in the United Kingdom, where it operates with all its chains except Uterqüe and Oysho, and amounts up to 5,359 employees.

The department stores corporation settles fashion development in three keystones: own brand sales, third party sales and its independent chain Sfera.

The group closed the day at 26.31 euros per share, its highest quote since September 24, when it reached 26.35 euros. The upturn coincides with the announcement of Zara’s global platform release.

5 6 7

Perfiles relacionados

Inditex

Pablo Isla

Óscar García Maceiras

Bernard Arnault

Luca de Meo

Óscar García Maceiras

Nicolas Bos

Richard Dickson

Elliott Hill