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Sales rise 4.5% at Inditex as it plots Zara's China Tmall launch

Inditex has reported a 4.5% increase in like-for-like sales in the 26 weeks to July 31, and announced plans to launch Zara online via China’s Tmall marketplace in October.

Net sales for the company reached €8.1bn (£6.4bn) for the half, a 6% rise on 2013, with total sales up 11%.

Gross profit rose 4% to €4.7bn (£3.7bn) but EBITDA was flat year on year at €1.6bn (£1.27bn).

As well as its expansion into China, Zara plans to launch online in South Korea on September 24, taking the total markets Inditex operates in to 27.

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