Inditex’s net sales climb 5% in FY2013


April 6, 2014 | By RetailME Bureau

Spanish clothing company Inditex’s net sales increased by 5% in FY13 (1 February 2013 – 31 January 2014) to $22.8 billion (€16.7 billion). Sales in constant currency terms grew by 8% and like-for-like sales grew by 3% during the same period, on top of the 6% achieved in FY12. Net income amounted to $3.2 billion (€2.4 billion), an increase of 1% from a year earlier.

Inditex’s capital expenditure amounted to $1.7 billion (€1.24 billion) during FY13 going mostly to new store openings, as well as the refurbishment and enlargement of existing stores. The group created 8,000 new jobs worldwide during FY13 bringing the total headcount to 128,313.

Inditex continued to expand its decision-making centres and logistics capacity in Spain, updating technology at the logistics facilities and expanding the group headquarters. Strong investment continued through 2013 across the group’s distribution centres in Arteixo, Meco and Zaragoza. The latter’s distribution centre recently began operating an automated hanging garment storage and retrieval system which is best in class due to its technical features and size.

The group is continuing to expand its online platform globally. The past year saw the online launches of Zara, Massimo Dutti and Zara Home in Canada; Zara in Russia and Pull&Bear in Romania. So far in FY14, Zara.com has opened in Greece. It will open in Romania in the coming weeks and launched in South Korea and Mexico in Autumn/Winter 2014, expanding the group’s online presence to 27 markets.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau




Download Images RetailME Magazine