Zara-owner Inditex swings to profit, sales increase 49 percent
The Inditex Group reported revenue of 11.94 billion euros in the first-half, representing growth of 49 percent year-on-year or 53 percent in local currencies. Net profit amounted to 1.27 billion euros compared with a loss of 195 million euros in the first half of 2020. The company’s second-quarter revenue grew 7 percent in local currencies to...
22 hours ago
Inditex reports drop in FY20 sales and profit
Inditex Inditex has announced that the company generated net sales of 20.4 billion euros in FY20, a year dominated by the Covid-19 pandemic, while the company’s online sales registered growth of 77 percent in local currencies, to over 6.6 billion euros, with growth of over 100% during certain periods of the year. The group was able to reach a...
10 Mar 2021
Inditex to close all Bershka, Pull & Bear and Stradivarius stores in China
Spanish fashion giant Inditex is reportedly set to close all its Bershka, Pull & Bear and Stradivarius stores in China. Bershka currently has 34 stores in mainland China, Pull & Bear has 37, and Stradivarius has 22. The stores could be closed as soon as January, WWD reports, citing anonymous sources. The three brands, which are all around the...
8 Jan 2021
Inditex profit drops but sales recover over Q2
Inditex generated a net profit of 671 million euros in the nine months of FY20 and 866 million euros in the third quarter, while Ebitda reached 1.85 billion euros in the quarter, down from 2.23 billion euros in the prior year. The company said in a statement that the sales trend continued to improve with sales declining by 14 percent or 10...
15 Dec 2020
Inditex returns to profit in Q2, expects further recovery in Q3
Inditex Group sales continued to recover during the first half of 2020 to reach 8 billion euros, decline of 37 percent, helped by an improved second quarter, when the fall in sales slowed to 31 percent, from a decline of 44 percent in the first quarter. The company said in a statement that it also returned to net profit in the second quarter of...
16 Sep 2020
Inditex plans 1 billion euros investment to boost sales and profit
Inditex posted a 44 percent decline in its first quarter turnover to 3.3 billion euros. The company said in a statement that the decline was limited to 44 percent despite as many as 88 percent of the group’s stores being closed at some point during the quarter due to the Covid-19 pandemic. The company added that online sales recorded strong...
10 Jun 2020
Zara-parent Inditex postpones dividend, books 287 million euros inventory provision
Inditex Group’s net sales increased by 8 percent in FY19 to 28.29 billion euros (31.14 billion dollars), underpinned by growth across all of its brands and in all of the geographies in which it has a presence. However, the company saw its store and online sales in local currencies decrease by 4.9 percent between February 1 and March 16, 2020,...
18 Mar 2020
Bershka x National Geographic
Bershka is highlighting its sustainable credentials with a capsule collection with National Geographic featuring its nature photography across a range of outdoor apparel, T-shirts and accessories. The Bershka x National Geographic collection aims to remind shoppers of the “beauty of our precious natural world” and features National Geographic...
27 Nov 2019
Video: Gen Z's favorite artist Billie Eilish collabs with Bershka
Bershka's cult collection collaborated on with Billie Eilish went on sale this week and Gen Z is eating it up. The 17-year old American singer/song writer lent her oversized, dark and monochome style to the Spanish brand for Billie x Bershka. Source: Bershka, YouTube.
28 Aug 2019
Video: Bershka presents its' collaboration with Billie Eilish
Step into Billie’s world with the cult collection that goes XXL on monochrome and deep colour. Source: Bershka, YouTube.
20 Aug 2019
In pictures: Bershka teams up with Pantone for monochromatic capsule collection
Spanish fast fashion retailer Bershka has partnered up with color expert Pantone to develop a capsule collection of eye-popping monochromatic outfits. Featuring trending silhouettes such as bike shorts, cargo pants and asymmetric crop tops, as well as shoes, socks, bags and eyewear, the capsule allows wearers to create a one-color-all-over...
22 Mar 2019