Retail news
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Inditex continues to outperform market
- Posted:
- 27 March 2009 09:22
Spanish fashion giant Inditex, which operates brands including Zara, Massimo Dutti and Berksha, has again outperformed the market despite the inclement economic conditions. The fashion house reported a 12% increase in like-for-like sales, with net sales in the year to January 31st of Eu10.4 billion and gross profit up by ...read more
Profits rise at Inditex
- Posted:
- 18 September 2008 09:09
Zara-owner Inditex has announced a strong first half trading statement, with sales up 14% to €4.5 billion and net profit up 7% to €406 million. EBITDA [earnings before interest tax, debt and amortisation] increased by 7% to €822 million. During the period, the group opened in two new markets; Ukraine and ...read more
Zara "world’s largest fashion retailer"
- Posted:
- 13 August 2008 09:31
Zara has overtaken Gap as the world's largest fashion retailer. The Spanish brand's continuing broad-based popularity has fuelled a phase of rapid expansion, enabling Zara to leapfrog its US rival. In the first quarter of this financial year, Zara posted sales of 2.2 billion Euros (£1.7 billion), a rise of ...read more
4,000 jobs to be created in Bristol this Autumn
- Posted:
- 06 June 2008 09:31
Over 4,000 jobs are to be created in Bristol when the Cabot Circus shopping complex opens in September. The development will include approximately 1 million sq ft of retail and leisure space as well as apartments, offices and public spaces in the heart of Bristol. The shopping district will total 120 new stores ...read more
Sir Philip Green inducted to Hall of Fame
- Posted:
- 02 April 2008 09:32
Sir Philip Green is to be inducted into the World Retail Congress’s Hall of Fame for 2008. He shares this year’s honours with former Gap chief Millard (Micky) Drexler, Indian retail entrepreneur BS Nagesh and Zara founder Amancio Ortega. Sir Philip will be officially inducted at the 2008 World Retail ...read more
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