Inditex executive chairman Pablo Isla has nominated Carlos Crespo for the role of CEO of the group. The appointment will be effective in July further to the approval of the board at the annual general meeting.
The Spanish group launched its online operations in 2010, when integrated its digital business with its stores. Its short lead times are a key part of the group’s strategy, helping it avoid taking big risks.
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.
Inditex's Pablo Isla has announced that the long-term goal is for Zara Home to be considered a section of Zara. The homeware brand will continue to operate standalone stores, with some products available in Zara.
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.
Pablo Isla has topped Harvard Business Review’s list of the best-performing CEOs in the world for the second year in a row. LVMH's Bernard Arnault came in third, followed by François-Henri Pinault of Kering.