Inditex’s H1 net sales rise 17 percentWednesday, 19 September 2012
Inditex’s net sales rose 17 percent to 7.2 billion euros
(9.41 billion dollars) during the first half of 2012. Net profit reached 944 million euros (1233.10 billion dollars), showing a year-on-year growth of 32 percent. Like-for-like sales have increased by 7 percent. This international growth is also the result of significant investment of 450 million euros in Spain for commercial and logistics activities.
Inditex opened 166 stores in 39 markets during the first six months of the financial year 2012, bringing the total count across its 85 markets in five continents to 5,693. The Group continues to see opportunities for global growth in all the geographical areas where it carries out its commercial activity. Among the openings that have taken place during this semester, the launching of Zara’s new store image at the Fifth Avenue in New York, which has been later been introduced in other cities; Zara, one of Inditex’s retail format also launched its online sale in China on the 5th of September. Zara Home’s entry in Colombia and Brazil is also one of the major developments. Recent launches also include Stradivarius in Mexico, thus spreading its presence to 50 markets.
The Inditex Group is one of the world's largest fashion retailers with store formats in its two - Zara, Pull & Bear, Massimo Dutti,Bershka, Stradivarius, Oysho, Zara Home and Uterqüe. The Group comprises over a 100 companies operating in textile design, manufacturing and distribution.