Besides, the company posted 9.24 percent growth in sales to Rs 1,570.54 crore during the year as against Rs 1,437.87 crore of the previous fiscal.
Inditex said the unusually warm summer in Europe this year helped push sales for the dress
The disappointing margin growth overshadowed strong growth in sales in the first half, buoyed by good summer weather in Europe.
Relaxing local sourcing norms will encourage more retailers, while local producers will be forced to be competitive in the global marketplace of sourcing
The dress went right with some of the key trends this summer, such as prairie silhouette, animal prints, and loose fit
Besides Zara and Massimo Dutti, Spanish fashion firm Inditex also owns fashion brands such as Bershka, Oysho, Pull and Bear, Stradivarius and Uterqüe.
The world's biggest clothing retailer reported profits of 3.44 billion euros ($3.88 billion) on sales of 26.15 billion euros.
"From tomorrow, Zara's global women's, men's and kids collections will be available in a total of 202 markets, underpinned by the integrated store and online platform," the company said in a statement.
Extreme hardship, hunger, deprivation and even fear creates a drive and urge in people to succeed beyond their ultimate imagination, says the author...
The company had received flak earlier for poor working conditions, exploitation of young designers and environmental insensitivity
Zara will offer all its articles that the brand currently offers in the store and at the same price.
The overnight boom in tech stocks made a few billionaires even richer when they woke up Friday â€” and helped Bill Gates fend off a brief challenge to his title as world's richest man.
American apparel retailer Gap, popular for its khakhi pants and smart denims, is making its Indian debut. The USD 16 billion revenue company has tied up with Arvind lifestyle brands, the subsidiary of Gujarat-based textile and apparel giant Arvind. The plan is to roll out stores from mid-2015 with a target of 40 stores.
The Indian clothing industry holds an important position in the Indian economy. This sector has been growing at a CAGR of 10 percent from Rs 126000 crore in the FY07 to Rs 202600 crore in FY13.
The Indian textiles and clothing industry plays a significant role in the country's exports. It contributes about 10 percent or USD 31 billion to India's total exports of USD 300 billion.
The competition between old rivals DLF and Unitech is going to get fiercer. Both are opening malls bang opposite each other in sector 18, Noida, the area‘s retail hotspot. There is a mall here developed by the deceased liquor baron Ponty Chadha‘s Wave Group.
For more than 12 years, Anita Dongre had been supplying Indian wear she had designed to high street shops in Mumbai, like the ones along Linking Road, one of the city‘s shopping hubs.
All eyes are now on the DIPP which is expected to notify the FDI policy in the next couple of days.
Global brands like Zara and Aldo have been a runaway hit here in India. But Planet Retail, which owns the operating, distribution and marketing rights of international brands such as 'Debenhams' and 'Next' in India, can't say the same.
A string of countries on and around the fringes of western Europe are becoming new centres of fashion clothing manufacture as China moves up the industrial value chain and brands discover adaptable suppliers closer to home.
International retailers are excited by the possibility of entering India’s booming retail market. Home products giant Ikea infact has already announced a USD 2 billion as an India investment plan.
Tata group retail chain Trent has signed a memorandum of understanding with Spain’s Inditex group to develop and promote Massimo Dutti stores in India.
Most shopping in India is need-based, price-sensitive and ever on the lookout for discounts. The luxury market is no exception.
With just one store in India, UK based departmental chain Debenhams has failed to make much of a fashion statement so far.