Inditex sales soar 14 per cent

Inditex

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.

Comments

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

Is the US-China trade war having an impact on your business?
Vote

Twitter

Talks of a merger between @OZretailers and @retailaustralia have come to a close, with the parties failing to align… https://t.co/hkqHyDsBkr

5 days ago

.@Wesfarmers is one step closer to its acquisition of online retailer @Catch_au after @acccgovau announced it would… https://t.co/jswZsof7zs

2 weeks ago

In order to combat falling cash reserves, @oliversrealfood CEO is putting his own money on the line to fund the bus… https://t.co/Ir5RYVM17S

3 weeks ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered