The news that Topshop has closed its four stores in Spain adds further pressure to the once-unstoppable fast fashion chain after the company’s franchised businesses in Australia and New Zealand failed earlier this year.
Inditex's Pull&Bear is following in the footsteps of Bershka, Asos and Boohoo with the launch of its first own-brand beauty collection. The line is titled Hey Beauty! and is now available in Pull&Bear stores and online.
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.