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Inditex registers marginal growth in net sales

The net sales of retail giant Inditex increased by only 2 per cent to reach €5.7 billion in the first three months of this financial year. Its gross profits and the gross margin both increased by 3 per cent, the first figure rising to €3.328 billion and the second to 58.9 per cent. Meanwhile profit on an Ebitda basis rose by 1 per cent to reach €1.125 billion and net profit rose in line with the sales figure by 2 per cent at €668 million.

Inditex launched online sales in Australia and New Zealand during the first three months of the year. Its brands opened new stores in 36 markets while also continuing to absorb smaller units and expand/refurbish others. The company ended the quarter with 7,448 physical stores globally, while its refurbished stores were technologically upgraded.

 

 
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