Inditex profit growing faster than sales
Zara parent Inditex profit grew by 12 per cent in the first nine months of this year, a rate significantly ahead of sales growth.
Sales across its brands, which also include Massimo Dutti, Stradavarius, Bershka and Zara Home, rose 7.5 per cent to €19.8 billion. The company says it expects its full-year like-for-like sales to increase by between 4 per cent and 6 per cent.
The Spanish-headquartered company said its success is due to a focus on “enriching its customers’ unique experience” with inventory management and “a tight coordination of every step in the value chain: design, production, logistics and distribution”.
During the first half of this year, sales reached €12.8 billion, the highest level to date, and net profit set a new record of €1.6 billion, up 10 per cent year on year.