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 sales rise 12%

Inditex, the parent company behind Zara and Massimo Dutti, saw sales rise 12% to €10.4 billion (£9.5bn) for the year ended January 31 but net profit was broadly flat at €1.25bn (£1.14bn).

Inditex said that like-for-like sales were also flat over the year.

Inditex said it expected to continue to outperform the industry in 2009 - sales in February were ahead 9%.

The Spanish retail group said it would press on with expansion this year, and that it would capitalise on the opportunities arising from the current difficult environment. It will add around 2.4 million sq ft of space in 2009.

Inditex opened 573 stores in 2008, bringing its total number of shops to 4,264 across 73 countries. It entered five new markets last year - the Ukraine, South Korea, Montenegro, Honduras and Egypt. Some 66% of group sales now come from international markets, up 3.5% on 2007.

The Spanish retail giant also launched a standalone accessories concept called Uterque during the year. It has opened 31 stores under the fascia in Spain, Portugal and Greece. Performance of these stores exceeded company expectations.

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.