Bricks and clicks help Inditex grow 22% | RetailDetail

Bricks and clicks help Inditex grow 22%

Bricks and clicks help Inditex grow 22%

The Spanish economy may be going through a slum, but the same can not be said for Inditex: the sales of Zara's parent company rose by 16% to 15.9 billion euro in 2012, profits even rose by 22% to 2.3 billion euro. Investments in shops and online activities are the foundation ofthe recent success.

482 new shops in 2012

In no less than 64 countries a total of 482 shops were opened in 2012, lifting the general total to 6009 locations. That is more than double the amount of rival H&M, that ended 2012 with 2800 locations. Inditex also entered new markets, such as Armenia, Bosnia-Herzegovina, Georgia and Macedonia.

 

Pull&Bear opened shops in Austria, Columbia and Thailand, while Canada, Taiwan and the US got to know Massimo Dutti and Stradivarius opened its first location in Mexico. Zara Home was launched in Brazil and China got new locations of Uterqüe.

 

Online expansion

At least as important where the investments online: internet activities were expanded considerably and Inditex is at the moment active online in 23 countries in Europa, the Americas and Asia. Zara went online in China, while online shoppers in the United States can peruse through collections of Massimo Dutti and Zara Home.

 

The largest part of the investments went into modernising the eight Spanish distribution centres, implementing the latest technological advancements. By the summer of this year the headquarters in Arteixo will also be expanded by 70,000 sqm.

 

Important employer for the region

With the expansions in 2012 no less than 10,802 new jobs were created. The total number of employers of Inditex has risen to 120,314, mostly in Spain. That makes the company on of the largest private employers on the Iberian Peninsula.

 

The story of success does not stop there: Inditex wants another 440 to 480 new stores in 2013. The online expansion also is not over: last week an online shop of Zara was launched in Canada and in the autumn Russia will follow suit.

 

Sales of 1 February to 12 March 2013 already boast a rise of twelve percent, compared to the previous year, which will only hasten the current plans of Inditex.

Questions or comments? Please feel free to contact the editors


Belgian CEO leaves Le Pain Quotidien

23/02/2018

After seventeen years, Vincent Herbert has decided to step down as Le Pain Quotidien CEO. Jerry Gamez, who has plenty of experience at fastfood chain Burger King and Walmart, will succeed him.

Takeaway.com acquires Eastern European competitors

23/02/2018

Fast food supplier Takeaway.com acquired its Bulgarian competitor BGmenu and its Romanian competitor Oliviera in yet another step towards its goal of being the European market leader.

Spar will trial contact-free and cash register-free payments

22/02/2018

Retail Partners Colruyt Group – Colruyt Group’s entrepreneurial division – is creating an app for Spar which allows customers to use their smartphones to scan and pay for their own groceries.

Duvel Moortgat adds Italian brewery

22/02/2018

Duvel Moortgat increased its minority stake in Italian brewery Birrificio del Ducato to 70 %. The Belgian brewery, known for Vedett, has been part of the brewery near Parma since 2016.

Colruyt removes Nestlé products from its shelves

21/02/2018

Colruyt has taken at least 18 Nestlé products from its shelves, because it failed to reach a deal about the pricing. For that reason, the products have been temporarily removed from Colruyt stores.

Supermarkets react to European farmer welfare proposal

20/02/2018

Some supermarkets are not happy about the European Commission’s intention to give farmers higher prices. Dutch, German and Austrian distributors warn this will lead to higher prices for the consumers.

Back to top