Inditex books higher sales across all brands during first half
By Mei Ling Tan
1 min read
Zara’s parent, Inditex, booked higher net income and sales across all of its brands during the fiscal first half year.
The fashion group’s net income surged 10.1 percent to €5.0 billion (US$5.54 billion) as net sales rose 7.2 percent to €18.1 billion, thanks to the spring and summer collections being well received by customers.
Zara’s net sales increased 5.4 percent to €13.0 billion, while Pull&Bear climbed 7.9 percent to €1.1 billion.
Massimo Dutti jumped 7.4 percent to €904 million, while Bershka soared 16.7 percent to €1.4 billion.
Stradivarius surged 16.7 percent to €1.3 billion, and Oysho stood at €368 million, up 6.4 percent.
The company ended the first half with 5667 stores, with openings in 34 markets.