Home / Knowledge / News / Apparel/Garments / 9M to Oct 31 sales at apparel marketer Inditex lift 7%
9M to Oct 31 sales at apparel marketer Inditex lift 7%
16
Dec '14
For the nine month period ending October 31, 2014, Spanish apparel marketer, Inditex said its revenues lifted 7 per cent year on year to €12.7 billion.

Sales in local currencies in the reporting period were up 10.5 per cent from the same period a year earlier.

Net profit over the period was €1.7 billion, up a marginal 1 per cent as against the corresponding period of last year.

The Group said it created 8,500 new jobs during the last nine months, 1,500 of which were in Spain, lifting its global headcount to 133,400.

230 new stores were opened in all geographic regions and strong space growth continued, helped by major openings across all of the Group’s concepts.

Over the nine months, net new openings hit 154 in Europe, 34 in the Americas and 70 in Asia and the rest of the world, bringing the global footprint to 6,570 stores across 88 markets.

Specifically, during the third quarter, Stradivarius opened its first store in the UK, Massimo Dutti launched in Austria and Pull&Bear opened its first store in the Philippines.

Following recent online launches in South Korea and Mexico during the past quarter, the Group is now present in 27 markets.

The new distribution logistics facility in Cabanillas, central Spain, is now running at full capacity and required an investment of around €150 million.

This facility, in conjunction with the distribution centre in Narón, northwest Spain has allowed Pull&Bear to provide fully-automated distribution to all its stores around the world.

Inditex informed that implementation of RFID technology is on schedule and it plans for this technology to be fully operational in 1,000 Zara stores by the end of 2014 and all Zara stores by 2016.

According to Inditex, this innovative system is enabling Zara to enhance the customer offering by speeding up the purchasing process and improving the availability of popular stock in its stores. (AR)

Fibre2fashion News Desk - India


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Top executives
Textile industry

GST has levelled the playing field to an extent

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urmil Arya

Sushila International, a well established textile organisation established ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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