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United States

Sonya Dowsett

Zara owner Inditex disappoints on profit margin despite strong sales

Sep 11 2019

MADRID The world's biggest fashion retailer, Inditex , on Wednesday reported weaker-than-expected growth in profit margins in the first half of the year, knocking its shares lower.

Hudson's Bay to sell Lord + Taylor for $100 million

Aug 28 2019

Hudson's Bay Co said on Wednesday it would sell its Lord + Taylor department store business to fashion rental service company Le Tote Inc for about $100 million, as the retail operator culls its portfolio to a few key brands. | Video

Zara founder's real estate assets near 10 billion euros in 2018

Jul 24 2019

MADRID Amancio Ortega, Europe's richest man and founder of retailer Inditex , had commercial property assets worth nearly 10 billion euros ($11 billion) at the end of 2018, up 11.5 percent from the previous year according to his investment firm on Wednesday.

Less is more? Inditex cuts stores but boosts space in home market Spain

Jun 20 2019

MADRID The list of retail casualties shutting up shop seems to grow by the month but Inditex, the world's largest clothing retailer, is still betting on its network of physical stores to drive growth.

Zara owner Inditex shakes off chill with strong second quarter start

Jun 12 2019

MADRID Zara owner Inditex bounced back from a weak start to 2019, when unseasonably cold weather in southern Europe stifled sales for the Spanish fashion group, with a strong performance in the first weeks of the second quarter. | Video

FOCUS-'Merch by Amazon' t-shirt business increasing orders from Disney to Dr. Seuss

May 30 2019

NEW YORK/MADRID, May 30 The holy grail for apparel brands facing rising uncertainty and cost in their global supply chains is to make their merchandise closer to the point of the sale.

Zara owner Inditex appoints new CEO in drive for digital growth

May 23 2019

MADRID Zara owner Inditex said it would split its dual role of chief executive and chairman, leaving Pablo Isla to lead the company and appointing Carlos Crespo as new CEO in a sign of the importance of digital strategy in driving sales growth.

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