Corporates

Inditex Expands Into Uzbekistan, Resumes Operations In Ukraine

Textile Insights June 12, 2024

In Q1 2024, Inditex achieved robust operating results, driven by team creativity and the execution of its integrated business model. The Spring/Summer collections were well-received, with sales increasing 7.1% to €8.2 billion and a constant currency growth of 10.6%. Gross profit rose 7.3% to

Apparel, Fashion, Retail

Fast Fashion Brand Zara Denies Withdrawing From Chinese Market

Textile Insights April 22, 2024

Fast fashion brand Zara has dispelled rumours emanating from the Chinese media that it is withdrawing from the Chinese market. Media reports had recently informed that Zara has closed nine stores in just two months which lead to speculation that the Spanish brand is gradually exiting from China. While speaking to Daily Economic News, a […]

Sustainability

Inditex Commits €3 Million To Conservation Efforts In Eastern Himalayas

Textile Insights March 24, 2024

Inditex, a global fashion retailer, has pledged €3 million to support The Great People’s Forest initiative, one of South Asia’s most extensive restoration projects. Led by Conservation International and a coalition of organizations from Bhutan, India and Bangladesh, the initiative aims to conserve and restore the Eastern Himalayan region, which harbours over

Financial Results

Net Income At Zara Owner Inditex Soars 30.3% In 2023

Textile Insights March 15, 2024

Net income at owner of fashion brands like Zara and Pull&Bear, Inditex soared 30.3 percent over 2022 to €5.4 billion in 2023. “In 2023, Inditex continued with a very robust operating performance due to the creativity of the teams and the strong execution of the fully integrated business model,” the Spanish apparel retailer said. In […]

Sustainability

BASF & Inditex Jointly Develop World’s First Circular Nylon 6 Textile

Textile Insights January 24, 2024

BASF and Inditex have achieved a breakthrough in textile recycling with the launch of Loopamid, which is a polyamide 6 (PA6) also known as nylon 6 made from 100 percent textile waste. BASF is providing the first circular solution for nylon apparel made entirely from textile waste, while Zara has turned the material into a […]

Financial Results

In First Nine Months Of 2023 Sales Climb 11.1% At Inditex

Textile Insights December 15, 2023

In the first nine months of 2023, sales at Inditex and owner of fashion brands like Zara and Pull&Bear climbed 11.1 percent to reach €25.6 billion, from satisfactory development in both stores and online. The Spanish fashion group added that sales were positive in all geographical areas and in all concepts and sales in constant […]

Sustainability

Zara Owner Inditex Sourcing 2,000 Tons Of Renewable Fibre

Textile Insights November 7, 2023

Inditex owner of various brands like Zara and Pull&Bear is set to integrate the innovative pulp – Circulose, made by Swedish company Renewcell from textile waste, into its apparel collections. Under an agreement with the fibre producer Tangshan Sanyou, which carries out the industrial process of transforming the pulp into textile fibre, Inditex´s suppliers will

Corporates

Inditex Partners With Maersk To Reduce Maritime Transport Emissions

Textile Insights October 22, 2023

Inditex, the parent company of fashion brands like Zara and Massimo Dutti, has partnered with Maersk, a leading freight group, to cut its global greenhouse gas (GHG) footprint in seaborne logistics. This reduction will come from adopting alternative fuels for all inbound routes managed by Maersk, under the ECO Delivery Ocean programme. Traditional fossil fuels […]

Apparel, Fashion, Retail

Inditex & International Apparel Federation Ink Agreement

Textile Insights October 3, 2023

One of the world’s biggest garment retailers, Inditex and the International Apparel Federation (IAF) have signed a framework agreement to drive transformation in the apparel and textile industry “The agreement aims to promote a more respectful industry for people and planet by boosting circularity, traceability and worker wellbeing,” IAF said in a press release. The […]

Financial Results

Zara Owner Inditex Reports 40.1% Surge In H1 Net Income

Textile Insights September 15, 2023

Inditex, owner of iconic garment brand Zara said its net income surged 40.1 percent year on year to €2.5 billion in the first six months of current year. Inditex also recorded a 13.5 percent sales growth over the first half of previous year and stood at €16.9 billion in the period between January and June […]