Wednesday, May 22, 2019

Zara’s owner reports unrivaled growth and expansion


The owner of Zara has released its half year results after reporting a sales increase of 11 per cent.

Inditex, which owns the high street fashion retailer posted sales of £8.9 billion during the period. 

This is a rise of eight per cent in net profits of £1 billion.

Now the world‘s biggest clothing retail company, Inditex owns retailers Massimo Dutti and Bershka alongside Zara. 

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It opened 83 new stores in the first half, elevating its total number to 7096.

It also opened a Zara outlet in Vietnam in the third quarter, meaning the fashion giant now has a presence in 92 countries. 

Furthermore, in the past 12 months Inditex has created 10,000 jobs across its empire.

“Both our online and bricks-and-mortar stores are seamlessly connected, driven by platforms such as mobile payment, and other technological initiatives that we will continue to develop,” chairman and chief executive Pablo Isla said. 

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