Zara Archives - Inside Retail Asia
Zara parent Inditex profit grew by 12 per cent in the first nine months of this year, a rate significantly ahead of sales growth.
The first Uniqlo Vietnam store opened its doors today, marking the Japanese fast-fashion brand’s sixth market in Southeast Asia.
SSI Group is taking Zara Philippines online, betting on the country’s growing e-commerce market to boost the Spanish fashion brand’s sales.
The increasing number of clothing-swap and take-back schemes being implemented by retailers could signify that a change in consumer attitudes about sustainability in fashion is finally occurring.
The new Uniqlo Vietnam store will comprise three floors of what is now the Parkson Saigon Tourist Plaza, opposite the Vincom Mall in Ho Chi Minh City.
Zara parent Inditex achieved record revenue and profits during the first half of this year.
Fashion retailer Zara India has reported a 13.4-per-cent drop in net profit over the last financial year.
Zara’s Indian partner Tata Group is launching its own fashionable apparel chain in the territory with prices well below Zara levels.
Inditex, owner of the Zara and Pull & Bear brands, has achieved record first-quarter sales and profits following efforts to bring its online and offline businesses together.
Zara owner Inditex has named chief operating officer Carlos Crespo as its new chief executive to spearhead a bigger push into e-commerce.
Zara will trial a personalised denim service in three European stores this month.
Zara growth is slowing substantially and analysts fear worse is to come.