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

Apparel, Fashion, Retail

Report Links Fashion Brands Zara & H&M To Brazil Deforestation

Textile Insights April 18, 2024

Fashion retail giants H&M and Zara have been linked to reported large-scale illegal deforestation and land-grabbing in Brazil. An investigation traced nearly one million tons of cotton from farms allegedly linked to 100,000 hectares of Cerrado wilderness, to clothing manufacturers that supply to the world’s largest fashion retailers. The Cerrado has the oldest forms of

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 […]

Apparel, Fashion, Retail

RIL In Talks With Primark For Indian Market Entry

March 3, 2024

Reliance Industries Ltd (RIL) is in initial discussions with British fashion retailer Primark to introduce the brand in India. Primark, known for its affordable clothing and footwear, has been eyeing the Indian market for some time. With over 400 stores globally, Primark is exploring a partnership with Reliance, potentially through a joint venture or licensing […]

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 […]

Corporates

Inditex Partners With Maersk To Reduce Maritime Transport Emissions

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 […]

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 […]

Product Launch & Innovation

Zara Launchs First-Of-Its-Kind Recycled Polycotton Blended Textiles With Circ

April 30, 2023

This collection heralds the first-ever public launch of garments made with recycled polyester and lyocell derived from the separation of polycotton textile waste Today, Zara, in partnership with Circ, the fashion technology company that recycles textile waste back into new fibers, takes a pivotal step towards circularity in the fashion industry by revealing a new […]