Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Inditex profits drop 8%

Inditex has revealed an 8% drop in half-year earnings despite rising sales.

The Spanish fashion giant, which operates brands including Zara, Bershka, Massimo Dutti and Pull and Bear, said net income fell to €375m (£334 million) in the six months to July 31.

Sales rose 7% year-on-year and 9% in local currencies to €4.86bn as the company opened 166 stores during the period, to bring its total to 4,430 outlets in 73 countries.

EBITDA fell 3% to €799m. Sales from August 1 to September 14 are also up 9%.

Meanwhile, the clothing group said that it would launch transactional sites for Zara this autumn in the UK, Spain, France, Germany, Italy and Portugal. It will be rolled out to all Zara markets.

Inditex chief executive and deputy chairman Pablo Isla said that the launch was “an important strategic step, in line with the Inditex Group’s constant daily search to offer the best service to clients worldwide”.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.