Inditex improves margins with same-stores sales growth
Register to get 1 free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
The owner of the fashion retailer Zara, Inditex, has reported record-breaking revenues and gross margin improvements in the first quarter of the year.
Inditex revealed an increase of 7% in overall sales in local currencies and a record-breaking revenue of €6bn (£5.29bn) with a 9% sales increase between 1 May and 11 June.
The fashion retailer also reported a gross margin improvement of 58.9% despite its profitability being affected by a high level of non-Euro sales.
This year, Inditex opened several new flagship stores in Zara, Pull & Bear, Massimo Dutti, among others. It also strengthened its design capabilities with its Spanish HQ and offered a new tech-focus placing automated order collection points, self-checkout and mobile payment systems in its key locations.
Pablo Isla, CEO of Inditex, said: “The strength of the integrated store and online model, bolstered by continued innovation, is driving solid growth and notable job creation.”
