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Inditex sales rise 11%

Inditex’s net sales for the six months to 31 July rose 11% year on year to €10.47bn (£8.98bn) as it expanded its reach into a total of 92 markets, including Vietnam.

Like-for-like sales also increased 11% compared with the same period in 2015. Net profit hit €1.25bn, (£1.07bn) up 8% on the year before.

Between 1 August and 18 September sales in store and online grew by 13% year on year.

The group, which operates fascias including Zara, Pull & Bear and Massimo Dutti, opened 83 stores in 38 countries during the half, taking its total number of stores to 7,096.

The retailer currently operates online in 39 markets and will launch in Turkey in October.

Earlier this month Inditex launched mobile phone payment in all the group’s stores in Spain, as well via a new Inditex app called InWallet. The service aims to enhance the shopping experience, and simplify the purchase and returns process. Inditex plans to roll the service out to all stores globally. 

Inditex’s chairman and chief executive Pablo Isla said the business’s integration of online and bricks and mortar was vital to its success.

“Both our online and bricks-and-mortar stores are seamlessly connected, driven by platforms such as mobile payment, and other technological initiatives that we will continue to develop.”

During the year the Spanish group also unveiled the next phase of its environmental strategy to 2020, launching a scheme for the collection of used clothing when delivering online orders.

The pilot scheme, which is conducted in collaboration with Spanish charity Caritas and delivery firm Seur, will initially launch in Madrid and gradually introduced all over Spain. 

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