Zara chain shows 7.5 percent sales growth in October Y/Y

Z

The Spanish Inditex, with well-known clothing chains such as Zara, Bershka and Pull & Bear, achieved more turnover and profit in the first nine months of its financial year. The company was helped by growth in online sales and the store base.

In the period up to and including 31 October, sales rose 7.5 percent to 19.8 billion euros compared to a year earlier. Inditex opened stores in 41 markets in the first nine months, while online sales channels were also launched in various countries. The group had 7486 stores worldwide at the end of the period, compared to 7442 a year earlier.

Net profit increased by 12 percent to 2.7 billion euros. Inditex also benefited from the use of new technology to better manage costs and inventory.


By: Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by lesley.woutersen@economicinform.com.

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories

About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.