Spanish fashion giant Inditex posted an increase in profits and sales in its first quarter, which it credits to a positive performance across “all geographical locations” and its spring/summer collections resonating with shoppers.

Inditex reported a 14% increase in gross profit to €4.6bn (£3.96bn) as well as a 14% increase in EBITDA to €2.2bn (£1.89bn) for the three months to April 30, 2023.

The fashion retailer, which owns brands including Zara, Bershka and Oysho, also posted a 13% increase in sales to €7.6bn (£6.54bn) for the period.

Inditex credited its boost in sales both in store and online to its spring/summer collections being “very well received” by shoppers; the retailer said sales across all geographical areas and in all of its concepts had been positive.

Inditex noted its “very robust operating performance” for the quarter, attributing this to a “strong execution” of its business model.

The fashion giant opened stores across 17 markets during the quarter and revealed it “continues to see growth opportunities” as the year continues.

In terms of outlook, Inditex said it remains focused on improving its proposition to “enhance the customer experience” both in store and online as it continues to implement its new store design across new store openings, enlargements and relocations throughout the year.

The fashion giant also noted a focus on sustainability and confirmed that its Zara pre-owned platform is set to launch in France, Germany and Spain during the second half of this year.

The group also reported that the elimination of its hard tags will be replaced by a new security technology and will be available in all Zara stores globally from July, with the aim to begin “test operations” during the autumn/winter season.

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