Foot Locker (FL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Fashion giant Zara has started charging shoppers in Spain for returns of online purchases, the company announced on Wednesday, though store returns remain free. However, items bought online can still be returned for free at physical stores, it added. As the COVID-19 pandemic sparked a boom in online shopping, customers became used to buying items to try at home since returns were often free, which raised costs for retailers.
Trade unions are asking Zara owner Inditex to give all workers at its stores in Spain the pay rises and benefits recently agreed between the retailer and shop assistants in its northern Spanish hometown, two union leaders said on Thursday. In December regional union CIG said around 1,000 workers at Zara shops and other Inditex brands in A Coruna, where the fashion giant has its headquarters on the city's outskirts, would receive 25% higher salaries this year following a strike during the 'Black Friday' sales rush on Nov. 24-25. Spain's two largest unions, CCOO and UGT, which represent more than half of the workforce at Zara shops in the country, have now kicked off negotiations with Inditex to extend the pay rises and benefits to all shop assistants working for the company in Spain.