About Inditex (ITX)

Company Description:

Inditex, known officially as Industria de Diseño Textil, S.A., is a global leader in the apparel retail industry. The company is renowned for its innovative fast-fashion business model.

Inditex operates through several well-known brands including Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe.

Founded by Amancio Ortega Gaona in 1975, Inditex has its headquarters in Arteixo, A Coruña, Spain.

Main Product(s):

Inditex's main products encompass a wide range of clothing, accessories, and home products, marketed primarily through its various retail brand outlets.

Short History of Inditex:

1975: Founded by Amancio Ortega Gaona in Spain.

1980: Began its expansion with the opening of the first Zara store in Porto, Portugal.

1988: Expansion continued with the opening of a store in New York, USA.

1991: Pulled&Bear and Massimo Dutti brands were added to the group.

1998: Entered the home decor space with Zara Home.

2001: Went public on the Bolsa de Madrid.

2011: Launched its online platforms, starting with Zara's e-commerce site.

2017: Announced all of its brands would be available online by 2020, marking a significant digital transformation.

2020: Amid the COVID-19 pandemic, Inditex accelerated its digital strategy, integrating store and online operations.