Massimo Dutti Archives - Inside Retail Singapore
Zara growth is slowing substantially and analysts fear worse is to come.
Zara owner Inditex has posted slow like-for-like sales growth due to the unusually warm autumn and adverse currency moves.
Clothing retailer says it would sell products from all its brands on the Internet around the world by 2020.
Surging online sales have boosted Zara parent’s Inditex’s net profit in the past fiscal year by 7 per cent.
A new Massimo Dutti concept store has opened at VivoCity shopping centre in Singapore.
Zara parent Inditex Group sales rose by 12 per cent in its latest trading year, reaching €23.3 billion.
Banana Republic UK is to close down after eight years of brand erosion.
Inditex UK sales growth slowed in the 2015-16 year, dragged down by underperforming smaller brands.
The Al-Futtaim group plans to shutter at least 10 of its 125 Singapore retail stores due to subdued retail spending and high rents.