First, the prices of luxury goods increased, and then Japan increased prices significantly. Before the price increase crisis passed, major fast fashion clothing brands such as H&M and Zara began to increase prices one after another.
Recently, Inditex, the parent company of Zara, announced a price increase. The reason is that due to increased global transportation and material costs, Óscar García Maceiras, the new CEO of Zara’s parent company Inditex Group, announced at the financial report conference that its various brands will adjust prices to cope with inflation, The increase may be 2%. It is worth noting that this decision is selective and not a global price increase.
In previous financial reports, in the fiscal year ended January 31, Inditex Group’s sales surged 36% year-on-year to 27.7 billion euros, an increase of 37% based on real-time exchange rates, and e-commerce sales surged 14% to 7.5 billion euros. Accounting for 27% of total revenue.
Inditex is one of the world’s four largest fashion retail groups from Spain, together with GAP, H&M and C&A. It owns eight major clothing brands: ZARA, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Uterque, and ZARA HOME, of which ZARA is the most successful.
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