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current news

Inditex Sales Up 7% In 2009


(Filed Under Financial and General Interest News). Spanish company The Inditex Group, which encompasses eight retail concepts including Oysho, carrying intimate apparel, and the well-known Zara, cited a 7 percent net sales increase during 2009 from a year earlier; to 11,084 million Euros. In local currencies, net sales grew 9 percent. Net income was 1,314 million Euros, a 5 percent jump from net income of 1,253 million Euros at the end of 2008.

At the end of last year, Inditex operated 4,607 stores in 74 countries. The company opened 343 stores during the year. Store sales outside of Spain accounted for 68 percent of total store sales.

During the coming year, Inditex plans to open between 365 and 425 stores—including its first launches in India this May—with approximately 95 percent of new retail space located in internationally markets. According to the company, the Indian expansion strengthens the Group’s strategy for increasing its retail space in Asia.

According to the company, Inditex is one of the world’s largest fashion retailers, with eight store formats consisting of Zara; Pull and Bear; Massimo Dutti; Bershka; Stradivarius; Oysho; Zara Home; and Uterqüe.


more Financial and General Interest News >>

Published 03-22-2010 by Amanda Torres Price

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Inditex Profits Rise 14%
Inditex Sales Up 7% In 2009


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