Inditex sales increase

Spanish retail group Inditex increased its net sales by 6% in the first nine months of this fiscal year, running from February 1st to October 31st. The net sales rose to 7,759 million euros, and sales in local currencies increased by 8% over the same period a year earlier. Inditex’ nine-month net income totalled 831 million euros.

The retailer launched 266 new stores in the first nine months, bringing the Group’s total number of stores to 4,530 at the end of October. Key highlights for the period included openings in Asian markets, with 90 new establishments inaugurated by October 31st. These store openings reflect the strategic importance of Asian markets for the Group and underscore a year of growth in China, Japan and South Korea. High points of store launches so far this year include flagship locations in Japan and mainland China.

In Japan, Zara now has a total of 50 stores, including a second flagship location in Tokyo’s Shibuya district, which is a must-see global fashion destination. Prior to this opening, Zara had welcomed shoppers at two flagship stores in Shibuya, two each in Ginza and Shinjuku, and one in Harajuku In Beijing the Group celebrated the opening of a flagship location in one of the Chinese capital’s busiest shopping hubs. The store, which opened its doors on the pedestrian Wangfujing Street, brings the Group’s number of stores in China to more than 60.

Store sales in local currencies rose 9% between August 1st and December 6th.

Image: Inditex