Latest news with #ÓscarGarcíaMaceiras
Fashion United
6 days ago
- Business
- Fashion United
Inditex maintains its commitment to the US: first standalone Zara Man and flagship in San Francisco
Madrid – Amidst a macroeconomic and geopolitical backdrop where trade tensions instigated by the US government threaten to significantly impact the operations of multinationals like Inditex. During the Spanish company's latest annual general meeting on Tuesday, chief executive officer Óscar García Maceiras was clear and firm on the matter: 'We are maintaining our strategy in the United States'. Inditex will maintain its selective growth strategy in the US despite trade tensions. The company's management stated that its diversified business model, encompassing various formats, channels, and countries of origin and manufacturing, prepares it for market uncertainties. Inditex plans new store openings in the US in 2025, including its first standalone Zara Man store and a flagship store in San Francisco. During its 2025 annual general meeting, Inditex, which owns Zara, Bershka, and Massimo Dutti, addressed its US operations amid escalating trade tensions. The US has experienced economic instability since April 2, 2025, due to unpredictable tariff policies. These conditions present challenges for textile companies, including Inditex. The US has been Inditex's second-largest global market since 2021, after Spain. The company's chief executive officer highlighted the competitive advantage of its diversified business model during the 2024 financial results presentation in March. This advantage was reiterated at the 2025 annual general meeting. During the question-and-answer session, the chief executive officer stated that the company's business model promotes diversification across commercial formats, physical and online channels, operations in 97 countries with physical stores and 214 via online platforms, and manufacturing in nearly 50 different origins. This diversification is considered a factor in the company's preparedness for market uncertainties. Inditex will continue its strategy of selective growth in the US, approaching expansion "project by project". The company has operated in the US since 1989, opening its first Zara store in New York that year. New store openings and flagship locations Inditex has ongoing commercial projects in the US, scheduled for completion within the 2025 financial year. These include the relocation of the Zara store in Hudson Yards, New York; a second Zara store in Boston at Cambridge Side; and a new Zara flagship store in Los Angeles at The Grove. Additional planned openings for 2025 include a new Zara store at Caesars Palace in Las Vegas; the first standalone Zara Man store in Costa Mesa, California, opening after the summer; Inditex's first store in North Carolina, in Charlotte, expanding its US operations to 26 states; and a new Zara flagship store in Union Square, San Francisco. The San Francisco flagship aims to reinforce the group's presence in California. The company plans to continue identifying new projects and potentially entering new US states and regions, aligning with its growth strategy. This approach reinforces Inditex's commitment to the US market. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Fashion Network
15-07-2025
- Business
- Fashion Network
Zara parent Inditex revives Lefties in France amid growing Shein rivalry
In May, Lefties introduced a new all-caps logo in an Instagram post, alongside the slogan 'Lefties everywhere, on everyone.' While currently concentrated in Spain and Portugal, Inditex CEO Óscar García Maceiras said last month that the company is 'testing Lefties in new markets.' The brand's dresses are priced as low as 9.90 euros ($11.55) and jeans at 12.99 euros, positioning it as a more affordable alternative to Zara, which has raised prices in recent years. The pricing also places it in direct competition with Shein and Primark. Inditex is also expanding its other brands, García Maceiras said at the group's annual shareholder meeting on Tuesday. Bershka is opening its first stores in Denmark; Stradivarius in Austria; Oysho in the Netherlands; and Massimo Dutti in Brazil. The Zara Man label is also launching in the United States with a new store in Costa Mesa, Los Angeles. The store openings — including Lefties in France — are scheduled for this year and next, an Inditex spokesperson confirmed. ($1 = 0.8568 euros)
Fashion Network
15-07-2025
- Business
- Fashion Network
Zara parent Inditex revives Lefties in France amid growing Shein rivalry
Zara -owner Inditex plans to expand its budget brand Lefties to France, the fashion giant's CEO told investors on Tuesday, as it aims to attract more young consumers and intensify competition with Shein and other low-cost rivals. The planned expansion marks Lefties' return to France, having first launched there in 2009 before closing both of its French stores by 2012. Established 25 years ago and named for its origins as an outlet for Zara's unsold stock, Lefties now operates in 18 countries and has gained traction as Inditex responds to pressure from online-only retailers like Shein, known for their ultra-low prices. In May, Lefties introduced a new all-caps logo in an Instagram post, alongside the slogan 'Lefties everywhere, on everyone.' While currently concentrated in Spain and Portugal, Inditex CEO Óscar García Maceiras said last month that the company is 'testing Lefties in new markets.' The brand's dresses are priced as low as 9.90 euros ($11.55) and jeans at 12.99 euros, positioning it as a more affordable alternative to Zara, which has raised prices in recent years. The pricing also places it in direct competition with Shein and Primark. Inditex is also expanding its other brands, García Maceiras said at the group's annual shareholder meeting on Tuesday. Bershka is opening its first stores in Denmark; Stradivarius in Austria; Oysho in the Netherlands; and Massimo Dutti in Brazil. The Zara Man label is also launching in the United States with a new store in Costa Mesa, Los Angeles. The store openings — including Lefties in France — are scheduled for this year and next, an Inditex spokesperson confirmed. ($1 = 0.8568 euros)
CNBC
11-06-2025
- Business
- CNBC
Zara owner Inditex flags slowing summer sales as quarterly revenues miss expectations
Zara owner Inditex on Wednesday posted weaker-than-expected quarterly sales while flagging a slower start to the summer season than last year amid broader economic uncertainty. The Spanish retailer reported revenues of 8.27 billion euros ($9.44 billion) in the fiscal first quarter covering Feb. 1 to April 30, slightly shy of the 8.39 billion euros forecast by LSEG analysts. Net income came in at 1.3 billion euros for the quarter, compared to the 1.32 billion euros analysts estimated. The company also reported a slower start to summer sales, which increased 6% at constant currencies from May 1 to June 9 versus 12% growth in the same period last year on a constant currency basis. Back in March, Inditex flagged a slowdown in demand at the start of the year, which CEO Óscar García Maceiras at the time attributed to uncertainty around U.S. tariffs. Shares plunged on the comments and the stock currently remains down around 12% from its Dec. 4 peak, as of Monday. The comments came as Inditex sales rose annually in the fourth quarter to 11.21 billion, meeting expectations. It followed a rare miss on sales and profit in the third quarter as flooding in Spain impacted consumer spending. The company, which also owns a series of high street brands including Pull & Bear, Bershka and Massimo Dutti, is often seen as a barometer for broader consumer sentiment. It has also been etching out a clear lead on high street rival H&M, which posted weaker-than-expected fiscal first quarter revenues in March, as sales continue to soften at the Swedish fashion giant. The two retail giants have nevertheless struggled with increased competition from lower-cost fast fashion brands such as Chinese-founded Shein and Temu.
Fashion United
23-04-2025
- Business
- Fashion United
Bershka adds a new market and lands in Sweden
Madrid – Bershka, Inditex's second-largest chain by business volume, behind only Zara, has added a new market with its launch in Sweden. The Northern European country is where the Spanish multinational's young fashion chain has just begun operations, opening its first store in the capital, Stockholm. It has taken exactly 40 days to materialise one of the main initiatives for its growth and expansion contemplated by Inditex's management for 2025. Inditex's chief executive officer, Óscar García Maceiras, announced on March 12 that Bershka's upcoming arrival in Sweden was a key strategy for this year. The chain has now confirmed the launch this week, completing it with the opening of Bershka's first store in the Scandinavian country. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. With a surface area of 640 square metres, Bershka's new and first store in Sweden is located inside the Westfield Mall of Scandinavia shopping centre in Solna, one of the municipalities within the metropolitan area of Stockholm, the country's capital. Bershka has begun operating in this region from the physical retail channel. It now occupies one of the commercial spaces in this shopping and leisure complex, located door-to-door with the National Arena stadium, home of the Swedish national football team and host to numerous concerts and mass events. The shopping centre has a strategic position within the Swedish capital's metropolitan area. From within it, the young fashion chain can now pit its offerings against a wide list of other prominent fashion operators, which includes brands such as Calvin Klein, G-Star Raw, Gant, Hugo, Intimissimi, Jack&Jones, JD Sports, Levi's, Mango, Michael Kors and Nike. On this same matter, it is especially noteworthy that the Swedish multinational H&M Group has a prominent presence in the shopping centre. It has points of sale for both H&M and its beauty line H&M Beauty and its homeware line H&M Home, as well as its chain &Other Stories. It is also worth mentioning that Spanish company Inditex already had a remarkable presence within the same shopping centre, from which it had been operating through Massimo Dutti, Pull&Bear and Zara stores. This first Bershka store in the country now joins these establishments. Featuring Bershka's three collection lines Looking in more detail at the particularities of this first Bershka store in Sweden, the 640 square metres of commercial space are spread across the single floor of the establishment, on the first floor of the Solna shopping centre. This exhibition space will be reserved for the exhibition and sale of all three of the young fashion firm's collection lines: Bershka, for girls; BSK, with collections especially aimed at pre-adolescent girls; and Man, with the firm's menswear collections. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. Developed under a monolithic-looking volume, formed from the union of the shop's facade, built in a stone finish, and its ceiling, the establishment's design is presented as a large slab of colossal edge, which seems to create the sensation of floating above a void that is reserved for that exhibition surface for the chain's fashion offering. These impressions are enhanced thanks to an interior ceiling that detaches from its perimeter, emphasising the impression of forming a single block with the facade of the commercial premises. This is a sum of gestures that allow the entire space to be stretched to the extreme, thereby causing movements to be redirected from the entrance to the back of the store. Throughout this entire journey, the firm's customers who visit this first Bershka store in Sweden will be able to discover the chain's different fashion proposals, arranged around the different environments that have been sought to be created inside. This has been achieved thanks to a very interesting construction of the space from the design of the store's perimeter. These limits have been stretched with projections that mark the transition between the different areas reserved for certain collections. These changes are emphasised with the use of the different selection of materials that have been chosen for the store's design. These include woods, ceramics and stone-like and textured concrete-like surfaces. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. With these projections marking not only the rhythm of the spatial transition, but also the visual reference points within the store, thanks to the indiscriminate use of both dynamic screens and monomaterial and monochromatic finishes in wood, mint green and bright grey, the spatial progression of the space ends up leading to that final area of the store, where the till and fitting room area has been arranged. These are next to an area reserved for the exhibition and sale of the chain's beauty offering. With respect to the tills, their design has been conceived in the form of a self-referential island, arranging around it both an area of assisted tills and self-checkout tills, all in front of a dynamic mural built entirely from screens, with the sole exception of one side that has been reserved for the installation of a point for the collection and return of online orders. This space ends up bringing symmetry to this entire till area, contrasting with the void that is generated in that back part of the store with the access area to the fitting rooms that have been installed behind that mural composed of screens. 'The concept of the store has sought to unify the space through a unique ceiling that, separating from the perimeter, gives us a sensation of lightness and focuses our gaze on the important points of the store', which have been emphasised 'with specific elements of colour, or changes of direction in the perimeter furniture that help to understand the change of collections', Bershka said in a statement. To that end, 'at an architectural level, the facade has been worked on as a tectonic element generated by vertical stone slats, which due to their repetition and change of direction' generate 'a great visual impact'. This surface 'is directly related to the horizontal plane generated by the ceiling and the lighting of the store, forcing us to enter and walk through the store to the end'. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. Bershka store in the Westfield Mall of Scandinavia shopping centre in Solna, Stockholm (Sweden). Credits: Bershka. Growth towards new markets, for 2025 With this opening, and following on from what has already been highlighted, Inditex, Bershka's parent company, is making a final advance on its main growth strategies and initiatives contemplated for this financial year of 2025. For this financial year, beyond Bershka's entry into Sweden, the young fashion chain is also expected to arrive in Denmark for the first time. Massimo Dutti, its 'premium' fashion chain, is also expected to open in this new market in 2025. The strategies on the opening of new markets conceived for this year by Inditex are completed with the imminent arrival of Stradivarius in Austria and Oysho in the Netherlands and Germany, as well as with those of all the main fashion chains of the Spanish multinational in Iraq. This is a country in which Inditex will be opening operations for the first time, with the opening of its first points of sale in the country, from the Iraq Mall shopping centre in Baghdad. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
