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Zara owner Inditex posts record profit

Zara owner Inditex, the world's biggest fashion retailer, promised shareholders a record dividend on Wednesday after posting its highest-ever profits last year despite a complicated global backdrop.Given the results, the retail giant said it would pay shareholders a dividend of 1.54 euros, a 28 percent increase from 2022, and the highest in the group's history.
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Source: yahoo.com

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Zara owner Inditex expands bargain brand to counter Shein

Zara owner Inditex, the world's biggest listed fast fashion company by sales, is expanding its low-priced Gen Z-focused brand Lefties to counter Chinese-founded rival Shein. The rapid growth of Shein, an online marketplace with no physical stores, is putting pressure on retailers like Inditex and Sweden's H&M to find ways to respond to its budget prices. Zara has become less competitive on price since Inditex started hiking prices at its core brand to protect profit margins from...
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Source: yahoo.com

Zara owner Inditex expands bargain brand to counter Shein, Retail News, ET Retail

The rapid growth of Shein, an online marketplace with no physical stores, is putting pressure on retailers like Inditex and Swedens H&M to find ways to respond to its budget prices. Zara has become less competitive on price since Inditex started hiking prices at its core brand to protect profit margins from inflation and as part of a shift towards more upmarket customers.
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