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

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Urmil Arya

Sushila International, a well established textile organisation established ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

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

Divvya and Nidhhi Gambhir
Walnut

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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