Inditex continued to go from strength to strength in the latest quarter and first nine months of its financial year as its omnichannel strategy and focus on stores in the best locations paid off for all brands.
Zara continues to be the group’s largest brand, while Stradivarius and Uterqüe are the fastest-growing formats. FashionNetwork.com takes an in depth look at brand performance and Inditex’s long-term vision.
Eguirón, who has been serving as managing director of Zara in Belgium and Luxembourg for the past four years, replaces Beltrán Espinosa de los Monteros in the role of chief financial officer of Stradivarius.
El Corte Ingles is now the largest online retailer in Spain after Amazon and Alibaba. The Spanish retailer will open an official flagship store on Tmall, the e-commerce platform run by Alibaba, by the end of the year.
Inditex is another of the big winners in global fashion retail and while its sales and profits increases may not always match analysts’ lofty expectations, it's a consistent performer as it continues to expand globally.
The lingerie and activewear brand has entered a new market with the opening of a 200-square-metre flagship store in Changi Airport’s new lifestyle hub. Zara has also opened its 10th store in Singapore there.
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.