executive / management

Inditex returns to profit in Q2, expects further recovery in Q3

Posted On: Sep 16, 2020   |   Posted By: Fashion United

Inditex Group sales continued to recover during the first half of 2020 to reach 8 billion euros, decline of 37 percent, helped by an improved second quarter, when the fall in sales slowed to 31 percent, from a decline of 44 percent in the first quarter. The company said in a statement that it also returned to net profit in the second quarter of 214 million euros leaving behind the Q1 net loss. First half net loss was 195 million euros. The company added that leaving out the 308 million euros provision recognised in the first quarter to accelerate the integration of the store and online platforms, the group would have recorded a net profit of 39 million euros in the first half.
Commenting on the results, Inditex's Executive Chairman, Pablo Isla, said: “The recovery and strong performance are due to the hard work, engagement and creativity of everyone in Inditex. I am particularly pleased with our online sales growth, which demonstrates the critical importance of our integrated store and online platform...

Continue reading ...

 








Fashion Talent Shines at CENTRESTAGE

Fashion Talent Shines at CENTRESTAGE

Fashion talent shines at CENTRESTAGE Virtual runway shows highlight designers' latest collections Organised by the Hong Kong Trade Development Council and sponsored by Create... Read more ...

Marine Serre Presented a Legitimately Scary Sci-Fi Horror Film for Spring 2021

Marine Serre Presented a Legitimately Scary Sci-Fi Horror Film for Spring 2021

In the midst of a dark world, many designers see it as their job to provide people with a little bit of optimism and delightful fantasy. Not so for Marine Serre: this season... Read more ...

Jordyn Woods' Dating History Includes Some Famous Faces - Chris Brown, Jaden...

Jordyn Woods' Dating History Includes Some Famous Faces - Chris Brown, Jaden Smith, Fai Khadra and More

In February 2019, Jordyn Woods' love life was put under a microscope after news of her cheating scandal with Khloé Kardashian's off-again, on-again boyfriend, Tristan Thompson... Read more ...

Glass Man

Glass Man

Glass Man Issue 43 Covers Read more ...

Glass Magazine

Glass Magazine

Rebecca Ferguson Read more ...

Kim Kardashian Just Shut Down Those Kanye West Divorce Rumors in the Most...

Kim Kardashian Just Shut Down Those Kanye West Divorce Rumors in the Most Subtle Way

Kimye is still on-for now. Kim Kardashian responded to Kanye West divorce rumors in the best way. The Keeping Up With the Kardashians star took to her Instagram on Tuesday... Read more ...

Mariah Carey Finally Revealed the Real Reason She Divorced Nick Cannon

Mariah Carey Finally Revealed the Real Reason She Divorced Nick Cannon

For years, fans have wondered why Mariah Carey and Nick Cannon divorced. Now, the “We Belong Together” singer is finally opening up about her breakup in her new memoir, The... Read more ...

Kate Middleton Lands A New Role, Toasts Promotion With Marshmallows

Kate Middleton Lands A New Role, Toasts Promotion With Marshmallows

The Duchess of Cambridge is now joint president of Britain's Scout Association. Read more ...

‘Saved by the Bell' revival with Mario Lopez as a gym teacher gets premiere date

‘Saved by the Bell' revival with Mario Lopez as a gym teacher gets premiere date

The original high-school sitcom - which launched Mario Lopez, 46, and Mark-Paul Gosselaar, 46 - aired on NBC from 1989 to 1993, and saw a sequel series called “Saved by the... Read more ...

Daniel Cameron To Release Grand Jury Transcripts

Daniel Cameron To Release Grand Jury Transcripts

Kentucky Attorney General Daniel Cameron has agreed to release the grand jury transcripts in the Breonna Taylor case. The decision comes after a week of calls from elected... Read more ...