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Spanish retailer Inditex's sales reach €6.7 bn in Q1 FY22

10 Jun '22
2 min read
Pic: testing / Shutterstock.com
Pic: testing / Shutterstock.com

In the first quarter (Q1) of fiscal 2022 (FY22), the sales of Spanish fashion retailer Inditex reached €6.7 billion, an increase of 36 per cent from the same quarter in fiscal 2021. In the first quarter, Inditex’s fully integrated model had a very strong operating performance. The period has been marked by a significant rebound in traffic to Inditex’s stores.

Over the first quarter, Inditex's store sales increased markedly and continue to do so, with store differentiation being key. The performance has been very strong across all geographies, with the only exception of those markets subject to restrictions. The strong growth in the US continues.

Inditex continues to expand its global, fully integrated model underpinned by the key strategic pillars of store and online integration, digitalisation and sustainability. Gross profit increased 37 per cent to €4.1 billion. The gross margin reached 60.1 per cent, the highest in 10 years.

“Inditex continues to see strong growth opportunities. The strategic initiatives to strengthen the global fully integrated store and online model are accelerating. Sustainability and digitalisation are key parts of our strategy. We plan to continue developing these key long-term priorities in order to maximise organic growth,” the company said in a press release.

The Inditex business model is characterised by a full integration of stores and online providing the latest fashion with the right combination of quality and price to offer a unique customer experience. The flexibility and responsiveness of the business model in conjunction with in-season proximity sourcing allows a swift reaction to consumer demand with price stability and unique market positioning.

Fibre2Fashion News Desk (RR)

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