Inditex Revenue up 7% in Nine Month Ending October

Inditex revenuesSpanish apparel marketer, Inditex said its revenues lifted 7 per cent year on year to €12.7 billion in the nine month period ending October 31 last.

Sales in local currencies in the reporting period were up 10.5 per cent from the same period a year earlier.

Net profit over the period was €1.7 billion, up a marginal 1 per cent as against the corresponding period of last year.

The Group said it created 8,500 new jobs during the last nine months, 1,500 of which were in Spain, lifting its global headcount to 133,400.

230 new stores were opened in all geographic regions and strong space growth continued, helped by major openings across all of the Group’s concepts.

Over the nine months, net new openings hit 154 in Europe, 34 in the Americas and 70 in Asia and the rest of the world, bringing the global footprint to 6,570 stores across 88 markets.

Reference Link