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Inditex net profit 1.674 billion euros

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Staff writer ▼ | December 13, 2013
Inditex had a net profit of 1.674 billion euros ($2.309 billion) from February to October, a one percent increase on the same period in 2012.
Zara
ZaraInditex had a net profit of 1.674 billion euros ($2.309 billion) from February to October, a one percent increase on the same period in 2012.


Inditex sales, whose most famous brand is Zara, reached 11.925 billion euros, which meant a 5-percent increase when compared with the same period in 2012. The company also reported that sales rose by 10 percent between Nov. 1 and Dec. 8 as a result of the upcoming Christmas period and seasonal sales, when sales significantly increased.

During the nine-month period Inditex opened 240 stores in 54 different countries and regions, which resulted in a total of 6,249 stores in 86 markets. Stores increased by 79 in Europe to a total of 4,545, by 54 in America to a total of 536 and by 107 to 1,168 in Asia and the rest of the world.

Inditex created more than 8,000 job opportunities worldwide, 800 of them in Spain. It is expected to create 500 more jobs when it opens a center in Guadalajara in 2014 while a further 400 as a result of Zara and Zara Home's enlargements in Arteixo.

By the end of October a total of 124,880 people were working for the company, which has also launched in Russia online stores of some of its brands: Zara, Massimo Dutti, Stradivarius, Oysho and Bershka.


 

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