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.
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