Jun
13
Inditex’s net sales rise by 15 percent
Filed Under EN
The Inditex Group generated net sales of 3.4 billion euros in
the first quarter of 2012, a rise of 15 percent over the same period last year. Net income amounted to 432 million euros, 30 percent more than in the first quarter of 2011.
During the first quarter, Inditex redoubled its commitment to investing in Spain with the commencement of construction work on the expansion of the group’s headquarters in Arteixo (Galicia). The new extension will add 70,000m2 to the existing 90,000m2 which house the group’s shared corporate services and the sales, creative and design teams of Zara and Zara Home. The extension, which will entail an investment of 100 million euros, will generate around 400 new jobs. The group will also invest a total of 190 million euros in the Tordera expansion, generating around 500 jobs.
Inditex, a fashion retailer, with headquarters in Spain, has a presence in Asia, America and Europe. It has eight store formats–Zara, Pull Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe . At quarter end, the group is present in 84 markets with 5,618 stores including 91 new stores opened during the quarter. The new stores were opened in 26 different markets. Zara plans to launch online sales in China in September.
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