As part of the ongoing international expansion of its integrated store model, Zara will launch its online store in India this October which was confirmed by its CEO Pablo Isla while reviewing the company’s performance in 2016.
Besides launching Zara’s online sales platform in India, this August the Group’s brands, including Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home will open their first stores in Belarus.
Speaking at the company’s AGM in Arteixo, Spain, Isla defined Inditex as a company “focused on its people, devoted to creative talent and underpinned by an integrated offline-online store model.” He also highlighted Inditex’s “sustainable growth strategy”, which permeates all the links in its value chain, and the Group’s ability to generate “value for society”.
In 2016, Inditex Group’s points of sale surpassed the 7,200 mark in 93 countries and 41 online markets. Group revenue reached €23.31 billion, underpinned by growth in all the regions in which it does business, while net profit amounted to €3.16 billion. These results paved the way for payment of a dividend of €0.68 per share, marking growth of 13.3 per cent year-on-year and 89 per cent in the last five years.
– Apparel and Textile News, Apparel Talk, Indian Apparel
