Tempe, an footwear brand born in Elche and part of the Inditex family, is putting the finishing touches on a logistics hub planned for six years at Parc Sagunt I, an industrial zone. The company watched Mercadona closely in this sector and stood out by submitting the sole bid for a 280,000 square meter plot that the Valencia Port Authority owned in late 2018. (Citation: Tempe/Inditex)
However, Tempe stretched the project timeline, tying extensions of at least a year to rules promised at the land purchase and later enacted at Parc Sagunt in response to the pandemic. Initial expectations were high for an earlier start, since the land purchase was formalized in February 2019 and a four-year window from the signing of the sales contract was set. (Citation: Tempe/Inditex)
As Covid-19 disruption eases, Tempe now plans to establish operations in Sagunt at the start of 2024. The site sits in a strategic position beside the area where Mercadona is building what will be Spain’s largest logistics block. (Citation: Tempe/Inditex)
Tempe, the Inditex subsidiary responsible for design, marketing, and distribution across the group’s seven brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home, has concentrated on ensuring the flow of goods through Sagunt’s port meets the buyer’s requirements. This focus helped secure the land offer. (Citation: Tempe/Inditex)
“Maximum discretion”
Current plans for the Sagunt plant are moving forward with careful oversight, and details about the planned investment on the land, already acquired for 31,039,118 euros, remain modest. (Citation: Tempe/Inditex)
Tempe employs more than 2,000 people and is headquartered at Elche Parque Empresarial, where it also runs three logistics centers that support global distribution. (Citation: Tempe/Inditex)
Business
In 2022 Tempe reached a sales peak after more than three decades of operation, underscoring the company’s role as the leading supplier of shoes and accessories within the Galician textile group. The period also saw Tempe acquiring a 50 percent stake in the textile holding, a move that helped the García Peralta family weather pandemic-related turnover issues. David Navarro noted that revenue rose in 2019 despite inflation and global tensions. (Citation: Tempe/Inditex)
Nevertheless, rising costs tempered profits, contributing to an 11.7 percent drop in the consolidated balance sheet reported to the National Securities Market Commission, where Tempe appears among group joint ventures. The document shows sales totaling 1.408 billion euros in the last year, a 7.8 percent increase from the previous year and a new revenue milestone surpassing 1.4 billion. (Citation: Tempe/Inditex)