Skip to main content

Zara's Parent Company Inditex Made Over A Billion Dollars in the First Half of 2015

The Spanish retailer's income increased 26 percent year over year.
A Zara shopper in Madrid. Photo: Denis Doyle/Getty Images

A Zara shopper in Madrid. Photo: Denis Doyle/Getty Images

Inditex's growth trajectory is relentless. The Spanish company recently valued at over $100 billion — which owns Zara, Zara Home, Massimo Dutti, Bershka, and Stradivarius, among other brands — saw sales rise 17 percent to €9.42 billion (about $10.6 billion) in the first half of the fiscal year, from Feb. 1 to July 31. It resulted in a 26 percent increase in net profit to €1.16 billion (about $1.3 billion).

A key part of Inditex's growth is an increased number of retail locations, both brick-and-mortar and online, and renovating flagships. It opened 94 stores in the past six months, 24 of which were Zara's in cities such as Brussels, Amsterdam and Vladivostok in Russia; 25 were Zara Home. The total store count among all its brands is now 6,777. Digital retail growth has also been a major priority for the company. Zara opened e-commerce to Hong Kong and Taiwan this year, bringing the total amount of countries it reaches online to 28. 

Even H&M, which has been opening more than a store a day on average since early 2013, can't keep up with that pace. As of Aug. 17, it had 3,649 stores globally. 

Scroll to Continue

Recommended Articles