
Massimo Dutti has relaunched its fragrance offer with a more premium look, underlining the Spanish group’s ambition to tap into this thriving market. All Inditex brands, except Uterqüe, now have their own fragrance.
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Massimo Dutti has relaunched its fragrance offer with a more premium look, underlining the Spanish group’s ambition to tap into this thriving market. All Inditex brands, except Uterqüe, now have their own fragrance.
The Inditex group, whose objective is to sell its eight brands online across the whole world by 2020, is now adding another 106 countries to extend Zara’s web presence to 202 markets across the planet.
Inditex had a strong first half and expects more of the same in the current six months with its new autumn collections being well-received and plenty of initiatives to drive ongoing growth.
Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
Inditex had another good year in 2017, despite exchange rates denting its margin slightly. But its omnichannel focus drove it to higher sales and profits, and its new COO has been tasked with maintaining that momentum
The founder of Inditex has appointed Iñigo Bengoechea as the legal representative of seven of his companies, including Pontegadea Inversiones and Partler, through which he controls 59.29% of Inditex.
Retail giant Inditex isn’t immune to fashion’s negative trends, but the company is certainly doing better than many, saying Wednesday that net sales in the first nine months of the year were up 10% and profit was up 6%.
Europe's top online-only fashion retailer Zalando is stepping up its fast-growing brand partnerships programme, building on ties with the likes of Nike and Superdry to repel the challenge of U.S. interloper Amazon.
Online sales at the Spanish fashion group Inditex increased to €1.37 billion in the last financial year, ended 31 January 2017, representing a 35.4% increase on the previous year.
Inditex had another good first half and sales so far in H2 look to be strong. While much of the growth was driven by its ongoing expansion programme, a comparable sales rise of 6% is encouraging in the tough environment.