Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
Retail giant Inditex isn’t immune to fashion’s negative trends, but the company is certainly doing better than many, saying Wednesday that net sales in the first nine months of the year were up 10% and profit was up 6%.
Inditex had another good first half and sales so far in H2 look to be strong. While much of the growth was driven by its ongoing expansion programme, a comparable sales rise of 6% is encouraging in the tough environment.
Inditex-owned Bershka has launched its first make-up collection, featuring over 100 products from makeup to skincare, and raising the question if the group’s Zara is next in line for its own beauty range?
The world's biggest clothing retailer, Zara-owner Inditex, reported a 10% jump in annual net profit on Wednesday as strong growth in emerging markets and increased online presence outweighed negative currency effects.