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Industria de Diseño Textil S A : Zara owner Inditex to close all stores in Venezuela, local partner says

Message : Required fields NEW YORK (Reuters) - Inditex, owner of brands including Zara, Bershka and Pull & Bear, will close all its stores in Venezuela in coming weeks as a deal between the retailer and its local partner Phoenix World Trade has come under review, a spokesperson for Phoenix World Trade said. Phoenix World Trade, a company based in Panama and controlled by Venezuelan businessman Camilo Ibrahim, took over operation of Inditex stores in the South American country in 2007. "Phoe...
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Analysis: What Pull&Bear's FB gaming deal spells for fashion marketing's future

  Zara parent company Inditex, has inked a deal with Facebook to launch an interactive AR game for its Pull&Bear brand. The brand shared the new initiative on its Facebook page asking its followers to access the game, which is currently only available via mobile on Facebook and Instagram. This isnt the first intersection of fast fashion and gaming weve seen in recent times. UNIQLO, for example, also made its way into the world of Animal Crossing creating its own bespoke “UNIQLO Island” on ...
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Fast fashion brands find the going tough in China--China Economic Net

Recent reports that leading apparel retailer Gap Inc is weighing options, including a potential sale of its business in the Chinese mainland, indicate how the fierce competition among fast-fashion brands is pushing them to further expand their physical presence and enhance digital-powered retail ecosystems.   The San Francisco-based clothing retailer is working with an adviser to study various options and has reached out to prospective suitors to gauge interest for the business, said sources, ...
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Source: en.ce.cn

Fast fashion brands find the going tough in China

Fast fashion brands find the going tough in China By Wang Zhuoqiong | China Daily | Updated: 2021-03-13 07:25 Share CLOSE A retail shop of Gap Inc in Changzhou, Jiangsu province. [Photo by Wang Qiming/for China Daily] Recent reports that leading apparel retailer Gap Inc is weighing options, including a potential sale of its business in the Chinese mainland, indicate how the fierce competition among fast-fashion brands is pushing them to...
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INDITEX - Industria de Diseño Textil SA (via Public) / Inditex exceeds €1.1 billion net profit

invoiced the Group more than €4bn. Total invoicing by Spanish suppliers over the past five years stands at €24.4bn. Another highlight was the launch of volunteer initiatives with employees. These initiatives raised €1.4 million through solidarity projects in areas close to the headquarters. This amount also strengthened the collaboration with the charity Caritas, by supporting online training activities for vulnerable groups whose employment programmes had been suspended. Comm...
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DBS launches organic cotton procurement financing pilot programme with global fashion retailer Inditex

DBS launches organic cotton procurement financing pilot programme with global fashion retailer Inditex Kolkata, Feb 24 (UNI) DBS Bank has partnered with one of the world’s largest fashion retailers, Inditex, which owns brands such as Zara, Pull&Bear and Bershka, to launch an organic cotton procurement financing pilot programme to ramp up efforts to scale India’s organic cotton industry. While India is currently the largest producer of organic cotton globally, with the greatest land area use...
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Inditex SA apparel and textile business news, company profile, analysis, comment and interviews

Spanish clothing giant Inditex, the worlds largest clothing retailer, has outlined a series of new sustainability commitments – including a pledge that 100% of the cotton, linen and polyester used by all eight of its brands will be organic, sustainable or recycled by 2025.> A coalition of more than 120 institutional investors with combined assets of more than US$14 trillion is renewing its demand for companies across the world to come forward with better data on their staff and su...
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Understanding Gen Z, millennial shopping behaviour is key to the future of retail

The Straits Times Understanding Gen Z, millennial shopping behaviour is key to the future of retail Lifestyle aspirations, brand values and higher expectations of the shopper experience are some of the factors fuelling their spending patterns The key to winning the future of retail lies in understanding new consumer shopping and payment behaviours. PHOTO: ATOME PublishedDec 16, 2020, 4:00 am SGT https://str.sg/JaBi They can read the article in full after signing up for a free account. Share lin...
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INDITEX - Industria de Diseño Textil SA (via Public) / Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position

€14.1 billion in the first nine months of its fiscal 2020 (1 February to 31 October), compared to €19.8 billion the same period in fiscal year 19. The third quarter (1 August to 31 October) registered the evident sales improvement shown since March, with sales of €6.1 billion, compared to €7 billion in 3Q19, a year-on-year decline of 14% (10% in constant currencies) after reductions of 31% in 2Q20 and 44% in 1Q20. During the third quarter, 5% of the Groups stores remained ...
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