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.
Having reported over 26 billion euros in annual sales this week, Inditex has a strategic opening for its Zara brand lined up for Friday, when it will unveil a 2,100-square-meter flagship in New York's Hudson Yards.
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 Spanish apparel retailer is exploring personalisation with a denim collection which will allow customers to add embroidered words. The service will be available online and in select stores from 27 March.