Browsing: Zara

Zara Owner Inditex Saw Profits Plunge 70%. Here’s Why the Company Will Rebound.
By

Text size

A woman pushes a stroller as she walks past a Zara retail store on Jun. 18, 2020 in Bergamo, Italy. (Photo by Emanuele Cremaschi/Getty Images)


Getty Images

Zara owner

Inditex

saw profits plunge 70% over the past year as online sales at the fashion giant failed to offset the raft of store closures caused by coronavirus.

Lockdowns and shoppers shifting from fashion to casual wear caused the owner of Massimo Dutti and Pull & Bear to post worse-than-expected figures. But shares in the world’s largest fashion retailer were flat at €21.22 ($25.02) after the Spanish-listed company predicted 100% of its stores will be open by Apr. 12.

The back story. Inditex along with rivals

H&M,


Next

and

Marks & Spencer

have been hit hard by the impact of the Covid-19 pandemic. Retailers with large store estates are still having to cover the cost of expensive rent despite

Read More
New Year’s deals from Asos, Zara, Look Fantastic and more
By
<p>From Topshop to Cult Beauty, there are plenty of impressive savings to be had</p> (The Independent)

From Topshop to Cult Beauty, there are plenty of impressive savings to be had

(The Independent)

The January sales are good news for anyone looking to grab a bargain, but fashion and beauty fans specifically are in for a real treat.

Whether you’re looking to overhaul your skincare routine, top up on your go-to products or invest in a statement piece you can wear all year round, shopping in the New Year will ensure you make impressive savings.

Now is the time to treat yourself to the Christmas gifts that didn’t quite make it into your stocking, and the best part is you don’t need to wade through piles of snubbed clothes or queue for hours on end to nab them.

The majority of fashion brands and retailers have amped up their virtual discounts amid an online shopping boom during the pandemic, with favourites such as Net-a-Porter, Asos, Zara and

Read More
Offers from Zara, Next, Beauty Bay and Boots
By
<p>From Lookfantastic to Net-A-Porter, there’s plenty of exciting offers here</p> (The Independent)

From Lookfantastic to Net-A-Porter, there’s plenty of exciting offers here

(The Independent)

One of the biggest shopping events in the calendar, the Boxing Day sales, is finally here and it’s the final chance to grab a bargain in 2020.

Now that we’re all royally stuffed with turkey, Christmas pud and wine, it’s the perfect time to enjoy a lazy day on the sofa, while snapping up some great discounts.

The perfect opportunity to bag a deal before before the New Year rings in, the Boxing Day sales are notoriously big, with previous years seeing hundreds of eager shoppers queuing outside stores from the early hours. But this year, things look a little different.

While online shopping has been on the rise for some time, the coronavirus pandemic has seen it boom, with more of us choosing to stay home and avoid large crowds.

The good news is that, whether you’re

Read More
The best deals to expect from Zara, Next, Fenty and more
By
<p>From Lookfantastic to Net-A-Porter, there’s plenty of exciting offers to look forward to</p> (The Independent)

From Lookfantastic to Net-A-Porter, there’s plenty of exciting offers to look forward to

(The Independent)

The turkey is yet to be basted and our presents are still safely tucked away from prying eyes, but we’re already looking forward to what has become one of the biggest shopping events in the calendar: Boxing Day.

Your last chance to grab a bargain before the New Year rings in, the Boxing Day sales are notoriously big, with previous years seeing hundreds of eager shopper queuing outside stores from the early hours. But this year, expect things to look a little different.

While online shopping has been on the rise for some time, the coronavirus pandemic has seen it boom, with more of us choosing to stay home and avoid large crowds.

The good news is that, whether you’re planning to shop safely in-person, or from the comfort of your own home, there

Read More
Zara Is Closing Over 1,000 Stores to Invest in Online Shopping
By

Zara is the latest fashion brand to start closing retail stores across the globe due to the ongoing COVID-19 pandemic, which has kept many shops closed since mid-March.

On June 12, the fast-fashion retailer’s parent company, Inditex, announced its plans to shut down between 1,000 and 1,200 brick-and-mortars over the next two years and divert resources into online sales strategies.

It’s not yet known exactly which Zara locations will be affected, but the closings will be “stores at the end of their useful life” and “whose sales can be recovered in nearby stores and online,” the company said their statement.

Under that plan, Inditex CEO Pablo Isla confirmed the company will “increase the online customer service teams and the dedicated packaging both from the specific online stockrooms and from the stores,” as well as offer customers “uninterrupted service no matter where they find themselves, on any device

Read More