Decent turnover growth for Inditex in first quarter | RetailDetail

Decent turnover growth for Inditex in first quarter

Decent turnover growth for Inditex in first quarter

Spanish fashion company Inditex' turnover, which owns brands like Zara and Pull & Bear, has managed a 17 % turnover increase over the first quarter of 2015. Its net profit experienced a similar growth.

Growth in every region

Inditex' total turnover reached 4.37 billion euro in the first quarter of 2015, which is a 17 % increase compared to the year before when net turnover reached 3.75 billion euro. Inditex added it experienced similar turnover growth in all regions.

 

Thanks to this excellent performance, the fashion concern's net profit grew 28 % from 406 million euro to 521 million euro. At the end of the fiscal year, Inditex gives 10 % of its net profit growth to most of its employees.

 

The company also opened another 63 stores in 27 different markets in the first quarter, resulting in a total of 6,746 stores in 88 countries. It also expanded its online activities, with a Chinese web shop for Bershka, Zara Home and Oysho. Inditex' brands are now available online in more than 25 countries.

Questions or comments? Please feel free to contact the editors


Multinationals fail their healthy food claims

24/05/2018

Food multinationals are not doing enough to make their products more healthy, according to Access to Nutrition Foundation. NestléUnilever and Danone are top of the class.

Ahold Delhaize launches digital lab in the United States

22/05/2018

Ahold Delhaize’s American division will found a new company focused on digital innovation: Peapod Digital Labs will become a lab for new digital, eCommerce and personalization strategies. 

Carrefour forced to shut down hundreds of Dia stores

22/05/2018

Carrefour has not found a buyer for hundreds of its former Dia stores in France yet. That may force nearly 230 stores to shut down.

Carrefour and Tencent launch high-tech store in Shanghai

22/05/2018

The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.

Hoegaarden moves part of production to Vietnam and China

18/05/2018

Hoegaarden experiences strong growth in Asia, but is losing ground in Europe. That is why AB InBev will move part of the production to China and Vietnam: the brewery in Hoegaarden will lower cut its production days by 2 a week.

Holland & Barrett wants vegan stores

17/05/2018

British health chain Holland & Barrett (previously known in the Benelux as Essenza) plans to open completely vegan stores, a trend the chain needs to follow according to CEO Peter Aldis.