After the group’s online sales hit 3.2 billion euros in 2018, Inditex is preparing for the future with a new global store model that removes the barriers between brick-and-mortar retail and e-commerce.
The chain is joining the rebranding wave and revamping its visual identity for the second time since it was launched. The new logo has already made its debut on the brand’s online store and social media accounts.
A year after Oysho launched a clothing line dedicated to winter sports, the Spanish group has expanded its outerwear selection with Zara with a collection of coats and parkas made from recycled polyester.
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 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
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%.