Inditex sales soar 14 per cent
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Inditex sales grew 14 per cent in the quarter to April 30, to €5.6 billion, underpinned by a solid business performance in all markets.
Sales growth in constant-currency terms was 12.5 per cent and net profit amounted to €654 million, up 18 per cent year-on-year.
Growth was achieved across all regions and all of the group’s brands – Zara, Stradivarius, Pull & Bear, Massimo Dutti, Oysho, Uterqüe and Zara Home – increased their international presence, expanding their integrated physical and online store platforms.
Four new e-commerce markets were added during the quarter, with Zara launching online in Thailand, Malaysia, Singapore and Vietnam. In parallel, the group continued to expand and refine its presence in its 93 operating markets, ending the period with 7385 stores.
Zara is due to launch online in India during the second half of the year.
Highlights of the group’s physical store openings included a Zara Home flagship store on Shanghai’s West Nanjing Road and a new 4800 sqm Zara flagship in the Ismail Building in Mumbai, India.
Inditex said it was committed to continuing to invest in growth through the constant modernisation and renewal of its stores and facilities.
Questions & Answers
Q.Which brands contributed to Inditex's sales growth during this period?
Which brands contributed to Inditex's sales growth during this period?
All of Inditex's brands, including Zara, Stradivarius, Pull & Bear, Massimo Dutti, Oysho, Uterqüe and Zara Home, increased their international presence and contributed to the growth. This expansion covered both physical and online platforms.
Q.What is Inditex's strategy for continued growth in its markets?
What is Inditex's strategy for continued growth in its markets?
The group is committed to ongoing investment in growth. This includes the constant modernisation and renewal of its existing stores and facilities across its 93 operating markets.
Q.Which new online markets did Zara enter during the quarter?
Which new online markets did Zara enter during the quarter?
During the quarter, Zara launched its online presence in four new e-commerce markets. These were Thailand, Malaysia, Singapore, and Vietnam, expanding its digital footprint in Southeast Asia.
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