Home / Knowledge / News / Apparel/Garments / Apparel retailer Inditex Q1'FY14 net sales rise 11%
Apparel retailer Inditex Q1'FY14 net sales rise 11%
28
Jun '14
Inditex announces results for first quarter for fiscal 2015.
 
Highlights: 
-Net sales amounted a total of €3.7 billion and net profit was €406 million
-In the past 12 months the Group has created over 8,000 new jobs, 700 of which were in Spain
-The Group opened new stores in 26 different markets during the first quarter, bringing its worldwide network to 6,393 stores in 88 markets
-During Autumn/Winter season, Zara will roll out its online platform in South Korea and Mexico and will also enter the Tmall e-commerce platform in China
-The Board of Directors will propose a 5-for-1 stock split at the upcoming Annual General Meeting
 
Store sales in local currencies increased by 11% between 1 February and 8 June 2014
The Inditex Group sales in local currencies grew by 11% in the first quarter of 2014 (1 February to 30 April), demonstrating a strong operating performance. Reported sales affected by currency impact reached €3.7 billion, up 4% year-on-year. Net income amounted to €406 million, compared to €438 million in the first quarter of 2013.
 
The Group continued to generate employment, creating over 8,000 new jobs over the past 12 months, 700 of which were in Spain, where it continues to earmark capital expenditure for facility expansion.
 
The new distribution centre in Cabanillas (Guadalajara) is in the process of ramping up operations, while the extended headquarters in Arteixo (Galicia) and the Massimo Dutti logistics platform in Tordera (Catalonia) are fully operational.
 
All of Inditex's brands continue to expand internationally. The global store network reached 6,393 stores across the Group's 88 operating markets following 53 net openings in 26 different markets during the first quarter. Zara opened new stores in 19 different countries during the quarter, all of which introduced the new store concept. Openings in Seattle (US), Sydney (Australia) and Rome (Italy), were particular highlights, as well as Zara's flagship opening in Madrid (Spain) on Serrano Street, one of Europe's most important shopping districts.
 
Pull&Bear, which opened stores in 12 different markets during the quarter, inaugurated a flagship store in the heart of Milan's shopping district, on Corso Vittorio Emanuele, in May. In addition, Zara Home has continued its expansion in Japan, where it opened several stores, including its flagship in Tokyo's elegant Aoyama district. Stradivarius also launched in Japan in the quarter, and will launch its first store in the UK later this year.

Must ReadView All

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Textiles | On 26th Apr 2017

Shima Seiki releases Shima KnitPLM software

Shima Seiki Mfg., leading Japanese computerised flat knitting machine ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Giorgio Mantovani
Corman S.p.A

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

Mohammad Hassan
Biax Fiberfilm

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Yash P. Kotak
Bombay Hemp Company

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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