Home / Knowledge / News / Apparel/Garments / Inditex's net profit reaches 944 million euros in H1

Inditex's net profit reaches 944 million euros in H1

20
Sep '12
At the end of 1H2012 –from the 1st of February to the 31st of July-, Inditex had net sales of 7.2 billion euros, 17 % more than the same period from last year. Like-for-like sales have increased by 7%. 

During this period, the Group’s net profit has increased by 32%, totaling 944 million euros.
 
Inditex opened 166 stores in 39 markets during the first six months of the FY2012, bringing the total across its 85 markets in the five continents to 5,693 The Group continues to see opportunities for global growth in all the geographical areas where it carries out its commercial activity.
 
Among the openings that have taken place during this semester, the launching Zara’s new store image at the Fifth Avenue in New York, which has afterwards been introduced in other cities; Stradivarius launching in Mexico, spreading thus its presence to 50 markets and Zara Home’s entry in Colombia and Brazil must be highlighted.
 
During this period, it should be emphasized the announcement of particularly relevant investments in Spain, on which international growth will be based.  In this regard, Inditex’s CEO, Mr Pablo Isla mentioned at the General Meeting of Shareholders “the substantial investing effort made in infrastructures in Spain, on which the global expansion for the eight commercial concepts is based. This effort maximizes value in terms of human talent and technology, and promotes growth together with more than 5,500 Spanish suppliers”.
 
This policy of investment in Spain has been realized through three principal projects: the extension of Inditex’s headquarters in Arteixo, increasing in 70,000 square metres Zara and Zara Home’s commercial premises, the building of Massimo Dutti’s new logistics centre in Tordera, introducing state-of-the-art innovations and, finally, the acquisition of 300 000 m2 in Guadalajara aimed at hosting a new international logistics centre. This policy will amount altogether to a total investment of 450 million euros in Spain and an estimated direct job creation of 1400 new positions.
 
Through this investment projects, more than 200,000 square metres will be added to the commercial and logistics surface aimed at supporting international growth from Spain.
 
Additionally, the Group has created 9,267 new more jobs in comparison to the same period from last year, ending 2012 first half with 112,468 employees.
 
Zara has launched online sales on September, 5th in China, adding this market to its e-commerce activity, which is carried out in 18 European countries, as well as in Japan and the US. Zara Home and Massimo Dutti will start their online sales in the United States in October.
 
Store sales in constant currency terms rose by 17% between the 1st of August and the 17th of September, 2012. 

Inditex


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Aug 2020

Exports must for sustained economic recovery: Mauritian PM

Mauritius must start goods exports for a sustained economic recovery, ...

Pic: Shutterstock

Apparel/Garments | On 3rd Aug 2020

CFA appeals for postponement of partial withdrawal of EBA

The Cambodian Footwear Association has appealed to the European...

Pic: HanesBrands

Apparel/Garments | On 3rd Aug 2020

HanesBrands Q2 FY20: sales $1.73 bn; net income $162 mn

HanesBrands, a US-based global marketer of branded everyday basic...

Interviews View All

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

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

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro 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

Leave your Comments


July 2020

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


Advanced Search