Zara has closed hundreds of stores over the last few years, but this budget Inditex fashion brand is rising fast [Yahoo! Finance]
INDUSTRIA DSNO UNSP/ADR (IDEXY)
NASDAQ:AMEX Investor Relations:
inditex.com/investors/investor-relations/share-capital
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Source: Yahoo! Finance
Most Read from Fast Company Sequoia's Shaun Maguire accused an innocent Palestinian of being the Brown shooter. Then he doubled down Chipotle launches 4-ounce bowl of meat for the Ozempic age ‘Avatar: Fire and Ash' could break box office records. Do critics like it? It may surprise some consumers to learn, then, that Zara has in fact reduced its global footprint over the last few years since the pandemic. The brand's decline in physical storefronts has been moderate but meaningful, from a third-quarter peak of around 2,139 stores in 2019 to just under 1,800 stores five years later, according to earnings statements from Inditex. That's a reduction of 16%. Now, thanks to new accounting metrics from the company, we've learned that Zara's physical footprint is even smaller than we thought. Earlier this year, Inditex began breaking out store count numbers for Lefties, its discount chain. Lefties is small but growing. According to earnings data posted earlier this month, the
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- Fashion brand Zara quietly closes dozens of stores [Yahoo! Finance]Yahoo! Finance
- Zara turns to AI to generate fashion imagery using real-life models [BNN Bloomberg (Canada)]BNN Bloomberg
- Inditex Q3 2025 Earnings Analysis: Growth Rebound Seems To Be Priced In [Seeking Alpha]Seeking Alpha
- Inditex Q3 Sales Gain 8.4% as Logistics and Luxury Play Drive Growth [Yahoo! Finance]Yahoo! Finance
- European markets expected to open higher; Ukraine peace talks in focus [CNBC]CNBC