Home / Knowledge / News / Apparel/Garments / Inditex Group Q1 FY'13 sales up 5%
Inditex Group Q1 FY'13 sales up 5%
12
Jun '13
The Inditex Group generated net sales in the first quarter of 2013 (1 February to 30 April) of 3.6 billion euros, growth of 5% year-on-year. Net income amounted to 438 million euros, 2% more than in the first quarter of 2012.

Highlights:

- This growth drove net sales to 3.6 billion euros; net income came to 438 million euros, 2% higher year-on-year
- The Group has created over 10,000 new jobs worldwide during the last 12 months
- The Group had 6,058 stores as of 30 April 2013; the Russian Federation, Japan and China accounted the largest number of new store openings along these months
- During the quarter, Inditex enlarged or introduced the new image in 25 of the top flagship stores around the worl
- Zara launched online sales in Canada in April and plans to deploy its e-commerce platform in Russia this autumn
- Store sales in local currencies increased by 8% between 1 May and 7 June 2013
- The Group ended the quarter with a network of 6,058 stores in 86 markets, adding 49 net openings in 30 different countries over the period.

The Group’s various retail formats forged ahead with their international expansion plans: Zara Home opened its debut stores in Japan (in the cities of Osaka and Yokohama, where the public has proven enthusiastic for the format) and Panama.

Oysho opened its first stores in Panama and Colombia, the latter in the vicinity of calle 82, Bogotá’s busiest shopping district. Stradivarius and Bershka opened their maiden stores in the Philippines, while the latter also entered the Tunisian market for the first time.

During the Quarter, Inditex enlarged or introduced the new image in 25 of the top flagship stores around the world. The most noteworthy store openings included the Zara store opened on Istambul’s Istiklal street, now home to the chain’s revamped store image, the Bershka store openings on Prague’s busiest shopping thoroughfare, Na Prikope, and on Via dell'Indipendenza in Italy’s Bologna, and the Stradivarius store opened on Rue Saint Ferreol in Marseille.

After the close, in May, the Group reopened the refurbished Zara stores on Madrid’s Gran Vía, Seoul’s M Plaza and London’s Brompton Road; Pull & Bear, meanwhile, opened its first store in Germany, drawing a huge crowd in Berlin; Stradivarius debuted in Verona (Italy) and Zara entered the Indian city of Jaipur.

Job creation and expansion in Spain

The Group has created more than 10,000 new jobs worldwide in the last 12 months and has forged ahead with its investment plans for Spain, where the ongoing facility expansion work continues as scheduled.

Having inaugurated the new Massimo Dutti head office in Tordera (Catalonia), expansion work continues at the logistics platform in Zaragoza, while planning has begun for the new distribution centre slated for Cabanillas (Guadalajara). Meanwhile, the expansion work at the Group headquarters in Arteixo, which will add 70,000 square metres, mainly to the current sales facilities of Zara and Zara Home, continues apace.

Online sales platforms

Following the launch of its online sales platform in Canada, Zara is currently selling its products online in 23 countries (19 European markets, the US, Japan, China and Canada). Zara plans to launch online shopping in the Russian Federation this autumn.

Start of 2Q 2013

Store sales in local currencies increased by 8% between 1 May and 7 June 2013.

Inditex

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search