Sunday, June 23

Tag: Zara

Zara to Launch its Online Store in 106 more Counties
BUSINESS

Zara to Launch its Online Store in 106 more Counties

The luxury and one of the most popular clothing retailers Zara has reportedly planned to expand its online sales to an additional 106 countries through a dedicated online platform, mostly in Africa. This was announced by its parent firm Inditex on Wednesday. The launch clearly states that Zara apparel will be available online in 202 countries now. “From tomorrow, Zara’s global women’s, men’s and kids collections will be available in a total of 202 markets, underpinned by the integrated store and online platform,” the company said in a statement. Inditex has said it aims by 2020 to have all its brands, including Massimo Dutti and teen brand Bershka, available online worldwide. Zara customers in countries including Angola, Ivory Coast and Indonesia will be able to place orders i...
Zara Owner Inditex Improves Profitability Despite Sturdy Euro
BUSINESS

Zara Owner Inditex Improves Profitability Despite Sturdy Euro

One of the world’s largest fashion retailers Inditex, that also owns the very famous fashion brand Zara has announced on Wednesday about the improvements in its profitability for the beginning three months of the current financial year. Without being affected by all the negative currency effects, the retailer managed to increase profits. However, inadequate sales growth in the first quarter of the year discouraged the investors, along with negative currency effects and unseasonably cold weather in Europe. Because of these events, the quarterly growth rate was a mere 2 per cent, lower than rates booked during the financial crisis. But further, it has also been reported that the sales of the company were very strong in the first six weeks of the second quarter. The sales were raised by...