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.
After three consecutive years of falling sales, revenues grew by 1.8% in 2018, while online sales jumped 30%. The company’s general manager also announced a 17% improvement in EBITDA to 135 million euros.
The Texas-based department store retailer announced on Monday that it has appointed Victor Ejarque Lopez as senior vice president and general merchandising manager for women’s apparel, effective June 10.
The Spanish brand, part of Inditex Group, is set to launch a makeup collection with American cosmetics brand Bobbi Brown. The line will be available for purchase in Uterqüe and Bobbi Brown stores and online from June.
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.
The North Carolina-based lifestyle group announced on Thursday that it has become a signatory of the Fashion Industry Charter for Climate Change, reinforcing its commitment to climate advocacy and sustainability.