Home / Knowledge / News / Apparel/Garments / Net sales up 11% at Inditex in Q1 FY11'
Net sales up 11% at Inditex in Q1 FY11'
15
Jun '11
The net sales of the Inditex Group totalled 2,960 million euros in the first quarter 2011 (1 February to 30 April), 11% higher year-on-year. Sales growth in local currencies was 11%.

Net income reached 332 million euros, 10% more than in the first quarter of 2010. Gross profit rose 9% to 1,741 million euros, and the gross margin has reached 58.8% of sales.

Inditex opened 110 stores during the quarter, bringing the total store base to 5,154 at 30 April 2011. The new stores were opened in 29 different countries, providing a snapshot of the global growth potential of the Inditex Group's retail concepts.

The new stores include Zara's first store in Australia, increasing the number of countries where Inditex sells its products to 78. On June 15, the Group opened its second Australian store in Melbourne. Inditex also plans to inaugurate its first stores in South Africa, Taiwan and Peru before the end of the year.

Start of 2Q2011
Store sales in local currencies between 1 February and 12 June 2011 increased by 11%.

Inditex concepts launch their online sales
Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe plan to commence e-commerce operations from 6 September in selected European markets, joining Zara Home and Zara, already present in e-commerce.

Zara will begin e-commerce sales in US
E-commerce operations of Zara, currently present in 16 European countries, will begin in the US from 7 September 2011.

Inditex Group

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search