Companies / Roundup: Direct-to-consumer sales up 33% at Lululemon

#390
Rank in U.S.
Performance Score:
57 out of 100

Inditex SA, the world’s largest clothing retailer, reined back its store expansion plans as the Zara owner delves deeper into e-commerce as a cheaper way to boost sales growth. The Spanish retailer, which has more than 7,000 outlets, aims to increase retail space 6% to 8% in coming years, below a previous target of 8% to 10%, Inditex said Wednesday. “While this may cause some raised eyebrows among investors, given the strong sales performance, we believe that Inditex is clearly able to grow market share with the less capital intensive e-commerce approach,” wrote Jamie Merriman, an analyst at Sanford C. Bernstein. All eight brands have e-commerce throughout the European Union and Turkey as of the end of 2016.

Headquarters

Av. Diputación s/n, Arteixo A Coruña 15143

Parent Company

Inditex SA

Merchant Type

Retail Chain

Merchandise Category

Apparel/Accessories

Website

Zara.com
Year Launched: 2010

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