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Inditex
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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.
Jul 19, 2021 — 12:00pm
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.
Mar 11, 2021 — 4:53am
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.
Jun 11, 2020 — 9:00am
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.
Mar 19, 2020 — 9:00am
The 287 million euros provision has harmed the final sprint of the year for the Spanish group.
Mar 3, 2020 — 4:57pm
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.
Feb 14, 2020 — 8:38am
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.
Feb 3, 2020 — 9:00am
Although done at a slow pace, the Spanish fashion business incorporates methods to connect sustainability with its performance.
Jan 27, 2020 — 4:42pm
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.
Jan 2, 2020 — 8:57am
In 2008, 43.5% of the group's suppliers were within the common market. Ten years later, its share dropped to 24.6%.
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