Remove Fast Fashion Remove Marketing Remove Net Profit
article thumbnail

Zara owner Inditex misses Q1 sales estimates despite growth

Retail Gazette

rise in first-quarter sales to €8.27bn (£7.3bn), falling short of analyst expectations of €8.36bn, as the fast-fashion giant faces a more cautious consumer environment. and delivered a net profit of €1.31bn (£1.16bn), up marginally year-on-year. Zara owner Inditex reported a 1.5%

article thumbnail

Zara owner Inditex eyes UK expansion of budget label Lefties

Retail Gazette

Inditex has been increasing investment behind its Lefties brand for the last couple of years in a bid to compete with its rapidly growing fast fashion rivals such as Shein. It comes after the Spanish fashion giant saw first quarter sales edge up 1.5% It comes after the Spanish fashion giant saw first quarter sales edge up 1.5%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The end of US de minimis to shake up e-commerce industry 

Inside Retail

Industry experts said retailers that have benefited from de minimis now face a critical choice: pass on the additional costs to consumers, potentially eroding their competitive pricing and market share, or absorb the costs internally, hurting their net profitability.

article thumbnail

Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

article thumbnail

Analysis: How a global move to end tax breaks could impact Shein’s IPO

Inside Retail

Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. per cent of sales.

article thumbnail

Inditex joins growing exodus of western brands from China

Inside Retail

Inditex’s other brands, including Zara and Massimo Dutti, however, will remain operating in the market. The withdrawal of the labels from China follows American Eagle Outfitters’ recent move to close its local e-commerce stores in the country, prompting its departure from the market.

article thumbnail

Why LVMH outperformed H&M amid a cost-of-living crisis

Inside Retail

H&M and LVMH target very different sectors of the fashion industry. The former, a fast fashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its net profit declining by about 68 per cent.