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

Nigeria's ABP scheme targets 1 lakh cotton farmers in 2019

Textiles | On 21st Mar 2019

Nigeria's ABP scheme targets 1 lakh cotton farmers in 2019

The Central Bank of Nigeria’s (CBN) Anchor Borrowers Programme (ABP)...

Pic: CorePower Yoga

Apparel/Garments | On 21st Mar 2019

TSG Consumer Partners takes over CorePower Yoga

TSG Consumer Partners, a leading private equity firm focused...

Pic: Showcase USA

Apparel/Garments | On 21st Mar 2019

Showcase USA store helps in cross-border e-commerce sales

Leveraging the backbone of ABC Depot Logistics, the exclusive 3PL and ...

Interviews View All

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

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


March 2019

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

news category


Related Categories:

Advanced Search