Home / Knowledge / News / Apparel/Garments / Inditex's net sales rise 12% in first half
Inditex's net sales rise 12% in first half
21
Sep '11
The Inditex Group's net sales in the first half of fiscal 2011 – from 1 February to 31 July - totalled 6,209 million euros, 12% more than in the first half of 2010. Year-on-year sales growth in constant currency terms rises to 13%, while like-for-like sales grew 6%.

The Group generated net income of 717 million euros during the period, year-on-year growth of 14%. Gross profit, meanwhile rose by 11% year-on-year to 3,625 million euros.

The Group opened 177 stores in 35 countries during the first six months of the year, bringing the total across its 78 markets to 5,221. The Group continues to see growth opportunities around the world. In terms of the geographic sales mix, Europe accounted for 45% of the total, Spain for 26%, Asia for 17% and the Americas for 12% in 1H11.

During the last 12 months, Inditex generated 9,225 new jobs to end July 2011 with a headcount of 103,201.

Since 6 September 2011, all of the Inditex Group's fashion concepts are selling their products online, following e-commerce launches by Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe across the leading European markets. Zara and Zara Home have been selling their products online since 2010 and 2007, respectively. On 7 September, meanwhile, Zara launched its online sales platform in the US, and the launch date for internet shopping in Japan is set for 20 October.

Third-quarter trading update
Local-currency store sales rose by 9% between 1 August and 17 September 2011.

In the coming months, Zara plans to enter new markets, including South Africa, Taiwan, Georgia, Azerbaijan and Peru.

The Inditex Group


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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