Inditex to present new Environmental Strategic Plan in July
21 Mar '07
3 min read
The launching of 439 new stores in FY2006 means that the total number of stores as at 31st January 2007 reached 3,131 in 64 countries, being Serbia and Tunisia the two new markets entered in the year. In addition, the first stores in Mainland China were opened.
Sales have increased in all formats, the weigh of international sales is higher and the reinvestment policy has been kept, with CAPEX in FY2006 having reached €1,029 million.
Selling area: The expected increase in selling area in 2007 will continue focused on the European markets and the high rate of growth in the Asia-Pacific area will be kept. International stores will account for about 80% of the new selling area, with the increasing weigh of Europe within the domestic market of the Inditex Group.
Inditex will continue supporting this growth in its business model, based upon flexibility, production in proximity- representing 50% of the total- the multi-format strategy put in place since 1991, the prime locations and interior design of its stores, a fashion offer which meets the demand of its customers, an a strong international presence.
Environmental Policy: In FY2006 the Inditex Group has fostered its firm environmental strategy, mainly aimed at achieving energy savings in all its industrial and logistics facilities, as well as in its offices and stores network. In all these fields, several initiatives have been implemented regarding the use of cogeneration of energy sourced from natural gas, the installation of photothermal panels and the promotion of wind power, in order to increase the energy efficiency and to reduce greenhouse gas emissions.
Within this same framework, the new 2007-2010 Environmental Strategic Plan of the company will be presented in July 2007, with the goal of optimizing the consumption, increasing the use of renewable energies and the reduction of emissions.
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