Home / Knowledge / News / Apparel/Garments / Inditex Q1 sales up 2% to €5.7 billion
Inditex Q1 sales up 2% to €5.7 billion
Jun '18
Courtesy: Inditex
Courtesy: Inditex
Inditex has recorded net sales growth of 2 per cent in the first three months of fiscal 2018 to €5.7 billion, marking a new first quarter record. The period was marked by significant exchange rate movement with sales growth in local currencies of 7 per cent. The sales increased by 9 per cent in the local currencies between May 1 and June 11, 2018.

Growth was underpinned by solid business performance and same-store sales growth across all geographies. Gross margin improved by 68 basis points from the same quarter a year ago to 58.9 per cent. Net profit reached €668 million in first quarter of fiscal 2018, up from €654 million in the same period a year prior.

The company's revenue reached a new first-quarter record of €5.7 billion, during a period marked by significant exchange rate effects. The group launched online sales for Zara in Australia and New Zealand during the quarter. Retail space kept growing, while the company continued differentiating, optimising and upgrading its store portfolio.

During the first three months of fiscal 2018, the group’s brands opened new stores in 36 markets, while continuing with the group’s strategy of absorbing smaller-sized units and expanding and refurbishing others, closing the period with 7,448 stores. Refurbishments and investments are mainly connected to the introduction of the latest technologies related to the group’s integrated store and online model.

"The strength of the integrated store and online model, bolstered by continued innovation, is driving solid growth and notable job creation," said chairman and CEO, Pablo Isla. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 14th Nov 2018

Vietnam ratifies trans-Pacific trade pact CPTPP

Vietnam’s 14th National Assembly recently adopted a resolution...

Courtesy: Pexels

Textiles | On 14th Nov 2018

India's WPI inflation for apparel up 0.7% in October

India’s annual rate of inflation, based on monthly wholesale price...

Courtesy: EU Chamber of Commerce

Textiles | On 14th Nov 2018

PRC promises unrealised: EU Chamber of Commerce in China

The European Union (EU) Chamber of Commerce in China has said the...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

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

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Sonam & Paras Modi, SVA

Sonam & Paras Modi

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

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

November 2018

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

news category

Related Categories:

Advanced Search