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 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
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.
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.
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
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.
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.