Sales at comparable stores continue to accumulate growth over year-on-year growth, with an increase of 4 per cent in 2018, with a positive evolution in all geographic areas, in all brands and both online and in physical stores.
With a growth of 5 per cent, and openings in 56 markets, the group has continued updating the park of stores by selecting the highest quality commercial area, which has been technologically adapted to transform the store network into an integrated global platform fashion.
Zara has expanded its markets to 202, while Massimo Dutti and Uterqüe have just opened their online offer to 106 new markets, for which they are already available in 184 and 148 markets respectively, Inditex said in a press release.
The strong operating performance, the anticipation of the necessary strategic investments, the continuous selection of the highest quality commercial surface and the robust positioning of the group's brands also enabled the optimum performance of profitability levels to be achieved. The gross margin improved 39 basis points, growing by 4 per cent to €14,816 million, after maintaining non-promotional commercial policies and all in an environment of strong negative currency impact due to the strength of the euro. In the same way, EBITDA growth is significant up to €5,457 million, 11 per cent in local currency.
"The importance of the investments made both in the logistics channel and in the commercial area aimed at providing maximum agility to our integrated platform, and prioritising the selection of maximum quality space, for to offer thus the best fashion proposal in the whole world," said president of Inditex, Pablo Isla.
The group's strategy is to develop a fully integrated, fully digital and fully sustainable network of stores and online in 2020. In line with this objective, the group invested €1,620 million in 2018.
This investment was aimed both at technological innovation for stores and logistics platforms, and at selecting and adapting the commercial space in line with the digital integration policy of the global platform, with larger commercial surfaces and in optimal locations. (RR)
Fibre2Fashion News Desk – India
| On 24th Sep 2021
The European Commission recently adopted the legislative proposal for ...
| On 24th Sep 2021
To help businesses understand how to communicate their green...
| On 24th Sep 2021
China's retail sales of consumer goods went up by 2.5 per cent year...
Strongly believe in 'people first' policy.
Uniform designing is a numbers game
Luxury is not just about high prices but ability to create desire
Headquartered at Singapore, Crocodile is a global fashion and lifestyle...
Abdullah Mohammad Saad Hossain
Saad Group is a leading vertically integrated textile group in Bangladesh. ...
Located near Milan, Italy, and with 50 years of experience in the textile...
Michaela Griggs & Peggy Schulz
Founded in 1929, Barco Uniforms started as an apparel company for beauty...
INDA, a global association of the nonwoven fabrics industry, has been...
Non Woven Federation of India
The Non Woven Federation of India (NWFI), representing the regional...
Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep
Established in 2012, Sarah & Sandeep is a luxury menswear label...
Shalini Sharma & Shweta Pundir Sharma
Six Yard Story
Six Yard Story is a premium artisanal brand with a focus to bring handloom ...
Twee In One
Best known for convertible clothing, Indian brand Twee In One by designer...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.