Home / Knowledge / News / Apparel/Garments / Inditex sees strong sales & operation performance in H1

Inditex sees strong sales & operation performance in H1

Sep '18
Courtesy: Inditex
Courtesy: Inditex
Inditex has witnessed strong sales and operation performance in the first half of fiscal 2018. The net sales rose 3 per cent in the first half to mark a new record for the period of €12.03 billion, underpinned by growth across all of its geographical markets. This was in spite of the strength of the euro, with sales growth in local currencies of 8 per cent.

Combined with solid operating performance, net profit of the Spanish company reached €1.4 billion, up 3 per cent from a year earlier (1H17: €1.37 billion).

"The strong first-half results are the result of a solid sales and operating performance, arising from the unique strength of the group’s integrated and sustainable business model," chairman and CEO of Inditex, Pablo Isla, said.

The reporting period was once again defined by investments in enhancing and upgrading stores, with the introduction of advanced technology as part of the group’s fully integrated store and online strategy. By the end of the period, the group had 7,422 stores in 96 markets with fully integrated online sales in 49 of those markets.

Framed by its commitment to sustainability and particularly biodiversity, the group’s various brands continued to add to the collections marketed under the Join Life label which promotes best practices in the choice of raw materials and production processes. The goal is to lift the volume of items sold under this label to 118 million units in 2018 (annual growth of 60%). To this end, during the first half, Zara, Massimo Dutti and Oysho continued to expand their collections under this sustainability label, while Pull&Bear, Zara Home and Uterqüe launched their first Join Life collections.

Inditex also continues to roll out its integrated stock management system. This system makes it possible to fulfil online customer orders with store inventory – helping to shorten delivery times and enhance customer service. By 2020, the group plans to sell all its brands online throughout the world as well as to complete its eco-efficient store plan. "These developments mean that by 2020 Inditex will be a fully integrated, fully eco-efficient and fully digital company," according to Isla. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Myanmar requests EU not to revoke trade preference

Apparel/Garments | On 21st Jan 2019

Myanmar requests EU not to revoke trade preference

Myanmar Government officials and businesses have requested the...

Tanzania spends Sh7 bn to boost cotton production

Textiles | On 21st Jan 2019

Tanzania spends Sh7 bn to boost cotton production

Tanzania has injected Sh7 billion for distribution of insecticides...

India to soon have own standard for apparel size: minister

Apparel/Garments | On 21st Jan 2019

India to soon have own standard for apparel size: minister

India will soon roll out a size project for Indian apparel on the...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Office bearers, Textile industry

Office bearers
Textile industry

There might be negative impact on garment exports

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman, Gildan Activewear SRL

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


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

January 2019

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

news category

Related Categories:

Advanced Search