News

Zara owners see 32% increase in profits

18/09/2012

By Daniel Hunter

The owners of Zara fashion stores, Inditex, have seen first half profits rise following an increase in both stores and new customers.

Inditex, the world's largest clothing retailer, reported a net profit of 944m euros ($1.23bn; £758m) for the six months to 31 July, up 32% on the same period last year.

Net sales rose 17% to 7.2bn euros, while like-for-like sales, which excludes new store openings, rose 7%.

The group, who also own Massimo Dutti, Bershka and Oysho, opened 166 new stores in the first half of the year.

Join us on
Follow @freshbusiness

Rate

Bookmark

•  Read latest news
  • - A website is the number one tool for small business growth »
  • - Is hot-desking the future for small business? »
  • - University students complain about lack of value for money »
•  Watch exclusive videos
  • - Great British Entrepreneur Awards »
  • - Brighton SEO conference »
  • - Brighton SEO, Fili Wiese, Alfredo Pulvirenti, Jonas Weber »
•  Email this to a friend
•  Print this news