The Latest Breaking News from Inditex

H&M, the world's second-biggest fashion retailer, reported on Thursday a surprise operating profit for the December-February period, despite weak demand as consumers curtailed spending amid soaring inflation. Operating profit in the Swedish group's fiscal first quarter was 725 million Swedish crowns ($69.73 million) against a profit of 458 million a…

Zara owner Inditex on Wednesday posted a 27% net profit increase in 2022 as sales exceeded pre-pandemic levels in the first full year since Marta Ortega, daughter of founder Amancio Ortega, took over at the helm of the company. In-store and online sales for the world's biggest fashion retailer reached…

Amancio Ortega is the 19th-richest person in the world, according to Forbes' real-time billionaires list, and has informed senior executives of his interest in buying Manchester United.

Zara said on Friday it will launch an in-house service for British customers to sell, repair or donate second-hand clothes, moving the Spanish brand into a growing part of the market. The platform, to be launched on Nov. 3, will be available through Zara stores, its website and a mobile…

IKEA is set to join a plethora of other majors brands who have stopped trading in Russia

Western retailers are increasingly divided over whether to buy clothes made in Myanmar, a country that had emerged as one of the world's fastest-growing garment exporters before the military staged a coup last year.

Reliance Industries Ltd's (RELI.NS) retail unit launched its first in-house premium fashion and lifestyle store on Thursday, as the billionaire Mukesh Ambani-led company continues to grab a bigger slice of India's luxury market. The new store chain called Azorte, the first of which was launched in Bengaluru, will compete with…

H&M reported on Thursday lower-than-expected quarterly sales as shoppers tighten their belts with energy and food bills soaring and the world's second-biggest fashion retailer struggles to compete with rival Zara. Third-quarter net sales at the Swedish group were up 3% from a year earlier at 57.5 billion crowns ($5.4 billion),…

Europe’s largest clothing retailer Inditex said its profit for the six months to July soared by 41%