Zara in the UK: profits & sales surge

October 29, 2018 by
Nico Hoeijmans

ZaraZara’s profits and sales in its United Kingdom market soared in its last financial year, reports Retail Gazette. The fashion company bucked the challenges plaguing its high-end street competitors. According to filed documents, the UK arm of the Spanish fashion retail giant recorded pre-tax profits of £51 million for the year ending January 31. This is a 30% increase compared to the £39 million profit the year prior. In the meantime, sales surged 17%, to £704 million for the same full-year period.

The figures were achieved despite selling and distribution costs increasing eight percent as parent company Inditex modernised its estate of Zara stores in London. The modernisation included a robot-operated click-and-collect warehouse and a self-checkout system at its Westfield Stratford branch. Zara operates 64 stores in the United Kingdom by the year’s end, compared to 66 the year before.


Google faces the wrath of European media companies
More than 30 European media companies have filed a €2.1 billion damages claim against Google over its ad tech practices. This is Google latest European lawsuit, but it is not...
March 2, 2024
Pull&Bear is launching PBShuffle, a new video marketing strategy
Pull&Bear is launching PBShuffle, a new shopping experience focused on vertical video, and offering video purchasing. This platform will be available on Pull&Bear's iOS and Android app.  From now on,...
March 1, 2024
Temu to open its platform to third-party sellers in the United States
Chinese retail portal Temu is preparing to open its platform to third-party sellers in the U.S. This is an attempt to compete with local platforms but also, ultimately, to benefit...
February 29, 2024
Top crossmenu

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.