Inditex sales soar 14 per cent
Sales growth in constant-currency terms was 12.5 per cent and net profit amounted to €654 million, up 18 per cent year-on-year.
Growth was achieved across all regions and all of the group’s brands – Zara, Stradivarius, Pull & Bear, Massimo Dutti, Oysho, Uterqüe and Zara Home – increased their international presence, expanding their integrated physical and online store platforms.
Four new e-commerce markets were added during the quarter, with Zara launching online in Thailand, Malaysia, Singapore and Vietnam. In parallel, the group continued to expand and refine its presence in its 93 operating markets, ending the period with 7385 stores.
Zara is due to launch online in India during the second half of the year.
Highlights of the group’s physical store openings included a Zara Home flagship store on Shanghai’s West Nanjing Road and a new 4800 sqm Zara flagship in the Ismail Building in Mumbai, India.
Inditex said it was committed to continuing to invest in growth through the constant modernisation and renewal of its stores and facilities.
This story first appeared on sister site Inside Retail Asia.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.