Inditex, the Spanish fashion giant that owns fast fashion chains such as Zara and Massimo Dutti, is experiencing a period of fashion domination.
The company announced its financials on Wednesday and its half-year results are better than anyone expected.
Here are the numbers:
- a 17% rise in sales to €9.42 billion (£6.9 billion, $10.6 billion);
- net profit up 26% to €1.16 billion (£850 million,$1.31 billion);
- 94 new stores opened, bringing the company’s total to 6,777 across 88 countries.
The company’s Zara stores have definitely been the catalyst for sales increases.
Zara and its spin-off Zara Home accounted for the most number of store openings. 24 new Zaras worldwide and 25 new Zara Home stores have opened in 2015.
The company is now pushing hard to take over various markets in Asia, including online stores serving Hong Kong, Macau, and Taiwan.
Sales at Zara have increased 16% in the month since half year results ended.