Inditex sales reach ‘historic high’ as it expands store estate worldwide

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Inditex, the owner of brands including Zara, has registered record sales with positive numbers across all countries in which it operates.

Zara store Bordeaux

Sales jumped 24.5% year-on-year to €14.8bn (£12.8bn) in the six months to July 31, which was up 25% in constant currencies.

EBITDA increased by 30% to €4bn (£3.5bn) in the same period with all expected expenses due to the war in Ukraine provisioned for.

Inditex, which also owns Pull & Bear, Bershka, Massimo Dutti and Stradivarius, said both its spring/summer collection and the start of its autumn/winter collections have been well received by customers.

The group said store traffic and sales increased “markedly” during the six months, with store differentiation being key.

Online sales grew and are expected to make up 30% of overall group sales by 2024.

The fashion retail giant continued to expand its estate in the first half of the year, opening stores in 24 markets – its total store count now stands at 6,370.

Inditex also flagged higher inventory levels as it accelerates the flow of the new season stock in order to tackle potential supply issues.

Chief executive Oscar García Maceiras said: “The results are explained by four factors key to our performance our unique fashion proposition; an increasingly optimised shopping experience for our customers; our focus on sustainability; and the talent and commitment of our people. Our business model is progressing at full pace and has great growth potential going forward.”