Inditex is on path to achieve its target to retail 118 million garments across all brands under its Join Life label collection in 2018, which flags best practices in the choice of raw materials and production processes. Inditex broadened its sustainable production as it published another set of stellar trading figures for the first nine months of 2018. They showed that net sales at the business increased by 3 per cent on a year-on-year basis to €18.4bn in first nine months, up 7n per cent in local currencies.
Net sales mark a record for the nine-month period ending October 31. Sales growth was accompanied by gross margin expansion of 60 basis points to 58 per cent. Net profit also hit a new nine-month record, climbing four per cent to €2.4bn. Like-for-like sales in the second half of 2018 to the end of November grew three per cent, following a good start to the season, an extraordinarily warm September and five per cent like-for-like sales growth in October/ November.
