The Spanish fashion giant rakes in net profits of €1.655bn in 2012
Spain’s biggest fashion group Inditex and its brands are still forging ahead in the market. In the first nine months of 2012, the owner of Zara obtained €1.655bn in net profits, increasing sales 17%.
The results presented by chairman, Pablo Isla, also included an increase in total sales, which reached €11.362bn, and the generation in recent months of 6,598 new jobs.
In the same period, Inditex opened 360 shops, taking its total to 6,000 in 86 markets, after opening its first stores in Armenia and Macedonia. The opening of store number 6,000 coincided with the launch of its eco-efficient Zara flagship in London, at 460-490 Oxford Street.
Since the online shop of its iconic brand Zara opened for business, e-commerce has become a corporate cornerstone. After its September entry into China, the chain is now planning its online launch in Canada for the Spring/Summer 2013 campaign.
The Group’s current shop distribution can be broken down as follows: Zara 1,721, Bershka 871, Pull & Bear 794, Stradivarius 748, Massimo Dutti 616, Oysho 520, Zara Home 339, Zara Kids 187 and Uterqüe 91.
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