ZARA
The Latest
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Zara Responds to Rumors of Withdrawing from China Amidst Store Closures
The Spanish fashion brand Zara has recently been the subject of widespread speculation on various social media platforms, with rumors suggesting the brand may be exiting the Chinese market following the closure of several stores across multiple cities. Fans of the brand have expressed their regret and confusion, wondering if Zara is indeed planning to leave China. 
The Spanish fashion brand Zara has recently been the subject of widespread speculation on various social media platforms, with rumors suggesting the brand may be exiting the Chinese market following the closure of several stores across multiple cities. Fans of the brand have expressed their regret and confusion, wondering if Zara is indeed planning to leave China. -
Zara Founder's Wealth Soars in 2023, Doubling to Nearly $100 Billion
According to the Forbes list of billionaires with the most significant wealth growth in 2023, Ortega ranked sixth, with his net worth jumping from $64.2 billion at the beginning of the year to $97.4 billion by December 15, approximately 767.1 billion yuan. According to the Forbes list of billionaires with the most significant wealth growth in 2023, Ortega ranked sixth, with his net worth jumping from $64.2 billion at the beginning of the year to $97.4 billion by December 15, approximately 767.1 billion yuan. -
Fashion Brands Pause Operations in Israel Amid Rising Tensions
As tensions escalate between Israel and Palestine, several fashion brands with operations in Israel are reacting. As tensions escalate between Israel and Palestine, several fashion brands with operations in Israel are reacting. -
Inditex, Zara's Parent Company, Sees 40% Profit Surge Amid Store Closures and Price Hikes
Inditex, the parent company of Zara, recently released its financial report for the first half of the 2023 fiscal year. In the six months ending July 31, Inditex's revenue increased by 13.5% year-over-year to €16.85 billion (equivalent to about $19.5 billion), with net profits rising by 40.1% to €2.51 billion (equivalent to about $2.9 billion), surpassing analysts' expectations of a 33% increase. The gross profit margin was 58.2%, a slight increase of 0.27 percentage points from the same period last year, but down from 60.5% in the first quarter of 2023. Inditex, the parent company of Zara, recently released its financial report for the first half of the 2023 fiscal year. In the six months ending July 31, Inditex's revenue increased by 13.5% year-over-year to €16.85 billion (equivalent to about $19.5 billion), with net profits rising by 40.1% to €2.51 billion (equivalent to about $2.9 billion), surpassing analysts' expectations of a 33% increase. The gross profit margin was 58.2%, a slight increase of 0.27 percentage points from the same period last year, but down from 60.5% in the first quarter of 2023. -
Get It On! Uniqlo Outstrips Zara With $103 Billion Market Value
Fast Retailing made $22 billion in 2019 with 83% under Uniqlo 
Fast Retailing made $22 billion in 2019 with 83% under Uniqlo -
Zara To Close 1,200 Stores, Will Focus Selling On Online Stores
Businesses are one of those that are mostly affected by the coronavirus pandemic nowadays. Unfortunately, Zara is one of those. 
Businesses are one of those that are mostly affected by the coronavirus pandemic nowadays. Unfortunately, Zara is one of those. -
World's Richest Lost A Combined $30 Billion Following Global Market Drop This Week
The global drop in stocks this week wiped out a combined $30 billion from the net worths of the world's top 10 richest people. 
The global drop in stocks this week wiped out a combined $30 billion from the net worths of the world's top 10 richest people. -
H&M Reports First Quarterly Profit Growth In Over Two Years
H&M reported a pretax profit of $507 million, a significant bump from the $410 million it reported in the same quarter last year. 
H&M reported a pretax profit of $507 million, a significant bump from the $410 million it reported in the same quarter last year.
