H&M announced on Friday (Jan. 26) its plan to close down more than 20% of its stores in Spain and lay off up to 588 employees. The company cited unspecified organizational, productive and economic reasons. The move comes in response to competition from Inditex, owner of...
Fashion retailer Zara is reportedly facing challenges with its new anti-shoplifting system. The system, which relies on RFID technology to replace hard security tags on apparel items, was expected to be rolled out globally in July. However, the implementation has been delayed due to issues...
Overseas retailers, once focused on expansion in global markets, are showing increasing interest in claiming a stake in the United States, seeking to make their presence known both online and in-store. As reported in June by The Wall Street Journal, global brands such as Mango...
Fast fashion giant Inditex is investing in technology after reporting strong 2022 sales. The Spanish clothing company, whose brands include Zara, said in its yearly earnings report Wednesday (March 15) that sales had risen 18% year-over-year. And to help drive sales in the year to...
June 15, 2023
Overseas retailers, once focused on expansion in global markets, are showing increasing interest in claiming a stake in the United States, seeking to make their presence known both online and in-store. As reported in June by The Wall Street Journal, global brands such as Mango and Primark are making initial expansion efforts across the country, […]
June 03, 2024
Zara is reportedly bringing its live-shopping broadcasts — already popular in China — to the U.S. The fast fashion brand is aiming for new ways to attract shoppers as sales cool following a post-pandemic boom, Reuters reported Monday (June 3). The report noted information from retail analytics company EDITED showing that five-hour live shopping broadcasts […]
September 12, 2023
Fashion retailer Zara is reportedly facing challenges with its new anti-shoplifting system. The system, which relies on RFID technology to replace hard security tags on apparel items, was expected to...
March 15, 2023
Fast fashion giant Inditex is investing in technology after reporting strong 2022 sales. The Spanish clothing company, whose brands include Zara, said in its yearly earnings report Wednesday (March 15)...
December 14, 2022
With sales continuing to climb, Zara-owner and fast-fashion giant Inditex is focusing on sustainability. The retailer said Wednesday (Dec. 14) that it saw sales climb by 19% for the first...
