Home / Knowledge / News / Apparel/Garments / Profits up at Inditex; will open 480-520 stores this year
Profits up at Inditex; will open 480-520 stores this year
22
Mar '12
Pablo Isla, Chairman and CEO of Inditex Group presents the financial results for the year 2011. The Inditex Group's net sales (1 February 2011 to 31 January 2012) rose by 10% in 2011 from 2010 to 13.8 billion euros. Net sales increased in all geographic areas (Spain, the rest of Europe, the Americas, Asia and the rest of the world). Net income totalled 1.9 billion euros, an increase of 12% from 2010. Net sales in local currencies rose by 11%, while like-for-like store sales climbed by 4%.

The Group created 9,374 new jobs last year, bringing its workforce to 109,512 employees at the end of 2011.

483 new stores
The company opened 483 stores in 49 markets in 2011, bringing the Group's total number of stores to 5,527 and expanding the Inditex retail footprint in all geographic areas. Highlights of these launches included the first stores – Zara brand in all cases -- in five new markets: Azerbaijan, Taiwan, Australia, South Africa and Peru. The latter three markets represent further progress in the differential retail strategy Inditex applies to markets in the Southern Hemisphere. These collections, customised for southern countries' seasons, drew a warm welcome from shoppers at the new Zara stores in Sydney, Melbourne, Johannesburg and Lima. Following its debut in the Australian market, Inditex further cemented its role as a global fashion retailer with stores on five continents.

Expansion in Asian markets.
Highlights of Inditex's international expansion included 132 openings in China, 30 of which were Zara locations, as Zara passed the 100-store mark in China. Two Inditex concepts, Oysho and Zara Home, disembarked in China in 2011 with 17 and five stores, respectively, helping to bring the total number of Inditex stores there to 275.

Another two stand-out markets in Asia were Japan and South Korea, with 15 and 13 new stores, respectively, including the first Bershka locations in both markets and the first Pull&Bear and Stradivariusstores to land in South Korea. Three new Zara stores in India (in Mumbai, Pune and Bangalore) and the aforementioned launch in Taiwan (two stores in Taipei) round out highlights of expansion in Asia.


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Top executives
Textile & apparel bodies

The decision is transformational

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Ravindra Jain, Ashish Baid

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sanjukta Dutta
Sanjukta's Studio

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

Yash P. Kotak
Bombay Hemp Company

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

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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