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


Scotland is first to enforce minimum alcohol price

21/11/2017

Scotland is the first in the world to finally enforce a minimum price for alcohol. The law as approved in 2012, but whisky distillers managed to block the legislation up until now.

Europe approves organic reform, Belgium abstains

21/11/2017

The European Commission approved new legislation to simplify organic agriculture in Europe. It will be enacted in July 2020. There was no agreement among Belgian politicians, which is why Belgium abstained.

Greenpeace creates critical parody of Coca-Cola's Christmas commercial

20/11/2017

Many people consider Coca-Cola’s Christmas ad to signal the start of the holiday season. However, this time around, Greenpeace created a parody to highlight the pollution at the hands of the soda manufacturer.

Alibaba invests 2.5 billion euro in Auchan subsidiary

20/11/2017

Chinese eCommerce giant Alibaba acquired a 36 % stake in supermarket firm Sun Art Retail Group, China’s second largest supermarket chain with 450 supermarkets. French retailer Auchan is the group’s largest shareholder.

Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Back to top