Home / Knowledge / News / Apparel/Garments / Zara parent Inditex sales surge in 2012
Zara parent Inditex sales surge in 2012
12
Dec '12
Inditex’s net sales rose by 17% in the first nine months of 2012 in the period 1 February to 31 October to 11,362 million Euros. In constant currency terms, net sales increased by 15%. Net income totaled 1,655 million Euros, an increase of 27% from the same period a year earlier. Inditex created 6,598 new jobs in the first nine months of 2012. The Group’s workforce consisted of 116,110 people at 31 October 2012.

Inditex added 360 new stores in 54 different markets in the first nine months. Those launches brought the Group’s total number of stores worldwide to 5,887 in 86 markets, following the openings of the company’s first stores in Armenia and the Former Yugoslav Republic of Macedonia. Subsequent to the end of the first nine months, Inditex reached the 6,000-store mark on 5 December when it inaugurated an eco-efficient Zara at 460-490 Oxford Street in London.

Massimo Dutti debuts in North America

Another 2012 milestone was Massimo Dutti's arrival in the North American market, with the openings of the concept’s first stores in both the United States (New York City in October and Washington D.C. on 4 December) and Canada (Toronto in September). Massimo Dutti unveiled its new store concept at one of the most upscale locations on New York City’s Fifth Avenue, welcoming shoppers to the world's largest Massimo Dutti establishment, with 1,270 square meters of sales space. The launch followed the arrival of Massimo Dutti’s first store in Toronto, which heralded its Canadian debut.

Another example of the company’s multi-format global growth strategy was the opening of a Zara store showcasing the concept’s revamped store image on Munich’s Neuhauserstraße, the city's most appealing shopping destination. In addition, Zara inaugurated a store in South Africa's Cape Town and revamped existing stores to show off its updated brand image in Tokyo's Ginza district and on Moscow's Tverskaya Street.

As for other Inditex concepts, highlights included Bershka’s arrival in Frankfurt (Germany) and Uterqüe’s first foray into China with two stores – one in Hong Kong and another in Beijing – along with a new Uterqüe location in Mexico. Stradivarius opened its first Mexican establishment during the period, while Pull and Bear revealed an updated store concept in Vienna. Oysho debuted its first store in Macau, while Zara Home began operating in Brazil.

Zara to launch online sales in Canada

After the launch of the Zara online sales in China in September, the brand plans to open its online store in Canada during the 2013 spring/summer season.

Performance in the early fourth quarter of 2012

Store sales in constant currency terms rose by 15% between 1 August and 9 December.

Inditex


Must ReadView All

India mulls new schemes for jobs, textile clusters

Apparel/Garments | On 25th Apr 2018

India mulls new schemes for jobs, textile clusters

India is mulling over alternative schemes for jobs and manufacturing...

Kraig gets approval for Vietnamese subsidiary firm

Textiles | On 25th Apr 2018

Kraig gets approval for Vietnamese subsidiary firm

Kraig Biocraft Laboratories, Inc., the leading developer of spider...

Courtesy: ITMA Asia

Textiles | On 25th Apr 2018

ITMA Asia + CITME 2018 attract global textile companies

The sixth edition of ITMA ASIA + CITME 2018 has received strong...

Interviews View All

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

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

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Marten Alkhagen
Swerea IVF AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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