Home / Knowledge / News / Apparel/Garments / Inditex 2017 first half revenue expands 11.5%
Inditex 2017 first half revenue expands 11.5%
Sep '17
Courtesy: Inditex
Courtesy: Inditex
For the first half of 2017 ending July 31, Spanish apparel marketer Inditex has recorded an increase of 11.5 per cent in its revenue to €11.7 billion, underpinned by growth across all markets and brands. First-half net profit amounted to €1.37 billion, seeing year-on-year growth of 9 per cent. Like-for-like sales growth was recorded at 6 per cent.

The company's in-store and online sales increased by 12 per cent in constant-currency terms between August 1 and September 17, 2017. Inditex opened new stores in 35 markets during the first six months of the year, reaching a total store count of 7,405. It is currently present in 94 markets, 46 of which also have an online presence, having introduced seven of its retail concepts in Belarus.

During the first six months of the year, all of the Inditex’s brands moved forward with the Group strategy of expanding, perfecting and refreshing the integrated offline-online store model. Flagship stores have been opened in all key geographies. Each concept also moved ahead with the strategy of continually upgrading their online and offline store images.

The Group also continues to generate jobs at a healthy pace, having created 11,043 new positions in the last 12 months. Of these, 2,933 jobs are located in Spain, resulting from growing teams at our headquarters.

Inditex was recently named the most sustainable company in the retail industry for the second year in a row by the Dow Jones Sustainability Index. The company scored a total of 78 out of 100 points, putting it well head of the industry average of 30. Specifically, Inditex obtained the highest scores in the retail sector in the categories of supply chain management, strategy for emerging markets, environmental management policy and systems, contribution to society and philanthropy and human rights.

Chairman and chief executive officer Pablo Isla emphasised the strength and sustainability of the integrated offline-online store model, which continues to deliver growth, while creating value for society and the environment. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 14th Apr 2021

Sri Lanka to ban fabric imports

Sri Lanka is all set to ban the import of textile fabrics in a bid to ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 14th Apr 2021

Bangladesh apparel exports dip 2.55% in July-March FY21

Readymade garment exports from Bangladesh declined by 2.55 per cent...

Pic: Shutterstock

Textiles | On 14th Apr 2021

US proposal for global minimum corporate tax finds takers in Europe

The idea of a global minimum corporate tax floated by the US has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

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

Advanced Search