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Zara owner’s sales grow by 14%


Inditex, owner of retailers Zara, Massimo Dutti and Bershka, has today reported a net sales rise of 14 per cent across its group between February 1st and October 31st.

Net income in the nine months rose by 42 per cent to €1,179 million (£1,005 million) and store sales in local currencies increased ten per cent between August 1st and December 12th.

Gross profit for the third quarter grew to €5,307 million from €4,430 million in 2009 and gross margin rose from 57.1 per cent in 2009 to 59.9 per cent this year.

In the year-to-date the group has registered 300 net store openings bringing its total stores tally to 4,907 in 77 countries, and in September Zara launched its first transactional website in the UK.

Inditex confirmed plans to roll out its online Zara service to several more countries in the coming year.

A statement from the group read: “Since November 4th, customers in a total of 11 countries can shop after the service went online in Austria, Belgium, Ireland, Luxembourg and the Netherlands.

“In 2011, is scheduled to be launched in the United States and Japan, while the first Zara locations in Australia and South Africa will open their doors.”

Published on Wednesday 15 December by Editorial Assistant

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