Retail news
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Profits soar at Inditex
- Posted:
- 01 April 2008 08:55
Inditex, owner of the Zara brand, has announced annual net profits up 25% with sales up 15% and like-for-like sales up 5% in the year to January 31st. International sales now account for 62.5% of profits against 60.4% in 2006 as the group opened 560 stores during the year, 80% ...read more
Zara withdraws swastika bag
- Posted:
- 20 September 2007 09:40
Inditex-owned fashion chain Zara has apologised and withdrawn a handbag from its stores after it received complaints about the design, which featured swastikas. Zara said that the symbols had not been visible when it sourced the £39 bag from an external supplier. Although it is a religious symbol for Hindus ...read more
Inditex profits rise ahead of global expansion
- Posted:
- 14 June 2007 10:08
Inditex, the largest clothing retailer in Europe and owner of the Zara brand, has announced a rise in profit of over a third for the first quarter. Overseas sales, including expansion in France and China and tight control on costs bolstered the company’s net income, which rose 33% to £134.8 ...read more
Zara parent company shows success from 2006
- Posted:
- 22 March 2007 09:58
Inditex, Europe's biggest clothes retailer and owner of the Zara brand, has announced a 25% rise in profit for 2006. In the year, the retailer also increased sales by 22% and hired 11,050 new staff members, raising the number of total employees 19% on last year. Net store openings amounted ...read more
Inditex profits beat forecasts
- Posted:
- 14 December 2006 09:25
Inditex, the Spanish parent company of the Zara clothing chain, saw its shares rise to an all time high on Wednesday, after announcing that it had beaten profit forecasts and plans to keep a tight lid on costs for 2007. Inditex, which is the world’s second largest clothing retailer, announced ...read more
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