Zara owner Inditex posts strong growth in first half
Zara owner Inditex’s half-year like-for-likes jumped 5% as it reported record sales and profits.
Net profit hit €1.55bn, up 10% year on year, as sales jumped 7% to €12.82bn.
Inditex said like-for-likes were positive across all brands and geographies and in stores and online. The fashion group has 7420 stores in 96 countries and trades online in 106 countries.
Inditex executive chairman Pablo Isla underlined the “relevance of the investments we have made in the stores as well as in logistics and technology, all of which have been key elements in the development of our customer focused integrated store and online platform”.
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