Inditex books higher sales across all brands during first half
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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.
Questions & Answers
Q.Which Inditex brand achieved the highest percentage increase in net sales during the first half of the fiscal year?
Which Inditex brand achieved the highest percentage increase in net sales during the first half of the fiscal year?
Bershka and Stradivarius both recorded the highest percentage increases in net sales. Each brand's sales surged by 16.7 percent during the first fiscal half.
Q.What was the total net income and net sales for Inditex across all its brands during the fiscal first half?
What was the total net income and net sales for Inditex across all its brands during the fiscal first half?
Inditex reported a net income of €5.0 billion, a 10.1 percent surge. Total net sales for the group rose by 7.2 percent, reaching €18.1 billion in the first fiscal half.
Q.How many stores did Inditex operate at the end of the first half, and in how many markets did it open new stores?
How many stores did Inditex operate at the end of the first half, and in how many markets did it open new stores?
Inditex concluded the first half of the fiscal year with 5667 stores in operation. The company expanded its physical presence by opening new stores in 34 different markets.