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 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Apparel/Garments | On 20th Sep 2017

Botswana launches response strategy for US AGOA scheme

Botswana’s ministry of investment trade and Industry (MITI) recently...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search