Zara's owner reports unrivaled growth and expansion

Zara’s owner reports unrivaled growth and expansion

21st September 2016

Ben Stevens

Fashion General Retail

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.

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.

Click here to sign up to Retail Gazette’s free daily email newsletter

Fashion General Retail

Leave a Reply Cancel reply

Fashion General Retail

21st September 2016

Ben Stevens

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.

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.

Click here to sign up to Retail Gazette’s free daily email newsletter

Social

SUBSCRIBE TO OUR DAILY NEWSLETTER

Latest Feature

Interview: How Palmer’s 20-year logistics partnership is fuelling its European expansion

Palmer’s may be one of the most familiar names on the bathroom shelf, but behind the cocoa butter bottles is a surprisingly small UK operation.

ET Browne UK, which distributes the American family-owned skincare brand, has grown its sales while keeping its core team to fewer than 20 people.

Now, as a new Tahitian Vanilla range brings younger shoppers to the brand and the company looks to expand further into Europe, the pressure is falling on the supply chain to keep up.