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Inditex first nine months sales rise 5%
Dec '13
Net sales in local currencies grew by 8%; net income increased 1% to 1.67 billion euros. Store sales in local currencies rose by 10% between 1 November and 8 December.

The Group has created 8,757 new jobs during the last twelve months, lifting Inditex's global headcount to 124,880. Inditex's store network stands at 6,249 in 86 markets. Zara plans to roll out its online platform in South Korea and Mexico in 2014

Inditex’s net sales rose by 5% in the first nine months of 2013 –from 1 February to 31 October– to 11.93 billion euros. Net sales in local currencies grew by 8%. Like-for-like sales growth remains strong.

Net income totalled 1.67 billion euros, representing year-on-year growth of 1%. In the past twelve months, Inditex has created more than 8,000 new jobs around the world, around 800 of which are in Spain. The Group’s global headcount totalled 124,880 at 31 October 2013. 

Inditex continued to introduce the new image for the different formats in larger new stores. During the first nine months of 2013 Inditex opened 240 net larger new stores in 54 markets. The Group enlarged more than 100 flagship stores and rolled out new images at key locations.

The most recent projects include refurbishments of Zara stores in New York (in the famous Flatiron building at the corner of 5th Avenue and Broadway), Amsterdam (on the Dutch capital’s central Kalverstraat), Frankfurt (Börsenstrasse), Beijing (The Place), Shanghai (on Nanjing West Rd., Zara's first store in mainland China) and Rio de Janeiro (Riosul).

The Group’s formats also opened a number of notable new stores during the third quarter, in cities such as Toronto (Massimo Dutti and Zara Home in Yorkdale), Stockholm (Zara Home in Birger Jarlsgatan), Lugano (Zara in Lugano Sud), Paris (Massimo Dutti on Rue de la Paix and Zara Home on the Champs Élysées), Shanghai (Oysho and Zara Home on Nanjing West Rd.), Singapore (Zara en Marina Bay), Brussels (Bershka on Chaussée d’Ixelles), São Paulo (Zara on Iguatemi Esplanada), St. Petersburg (Pull&Bear in the London Mall) and Madrid (Oysho on calle Hermosilla). During the third quarter is also remarkable the opening of Zara Home first stores in Canada, Sweden, Indonesia, Honduras and Thailand.

Over the course of the year, the Group’s store count has risen by 79 to 4,545 in Europe, by 54 in the Americas (to 536) and by 107 in Asia and the rest of the world (bringing the total in this region to 1,168).

Zara, Bershka, Massimo Dutti, Stradivarius and Oysho roll out online sales in Russia The Group continued to expand its online platform in the third quarter of 2013, deploying the online stores for five of the Inditex sales formats in Russia. Zara plans to launch e-commerce operations in South Korea and Mexico next year. Fourth-quarter trading updateStore sales in constant currency terms increased by 10% between 1 November and 8 December 2013.


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Courtesy: Commonwealth Bank of Australia

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