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Zara owner Inditex reports sales rise of 16 per cent

Over the first nine months from February 1 to October 31, 2015– Inditex Group's net sales increased 16 percent from a year earlier to €14.74billion. In constant currency terms, sales growth was 15 percent, with solid growth in like-for-like store sales. Net profit was €2.02billion, up 20 per cent over the same period the previous year.

This growth, coupled with the group's investments, has enabled Inditex to generate 13,079 new jobs worldwide over the past 12 months, of which 3,291 were in Spain. All manufacturing, logistics, brand and subsidiary employees worldwide with more than two years' service will benefit from a profit-share plan for 2015-2016. The Group will award these beneficiaries 10 per cent of the year-on-year growth in profit attributable to the parent company.

The Group continues with the global expansion of its fully integrated store and online sales platform. Over the first nine months of 2015 it opened 230 stores in 48 markets. In terms of online launches over the period, Zara extended its online presence to Taiwan, Hong Kong and Macao. Inditex also launched online operations in the southern hemisphere with the launch of Zarahome.com in Australia. Zara Home also launched online in Japan. Over the period, Uterqüe also launched online in Sweden and Denmark; Zara Home in Japan, and Pull&Bear, Massimo Dutti, Stradivarius and Oysho in China.

Inditex opened physical stores in all geographical areas, which included highly relevant stores for all the brands. Europe saw a net increase of 109 stores over the period, the Americas 47, and Asia and the rest of the world 74 to bring the Group's total number of stores to 6,913. As of October 31, 2015, the Group was present in 88 markets, with online operations in 28 of these.

 
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