Inditex witnesses 12% growth in profit in first 9 months

by Arokee Admin

12-December-2019  |  1 min read

Zara
Image Courtesy: retailyourbusiness.com

Inditex Group, parent of globally renowned brands like Zara and Massimo Dutti, has seen an impressive growth of 12 per cent in the first 9 months of the current year.

However, what’s more noteworthy is that the growth in profit is happening faster than growth in sales.

As far as sales growth is concerned, it has risen by 7.5 per cent to clock €19.8 billion and this includes Inditex brands like Zara Home, Massimo Dutti, Bershka and Stradavarius, among others.

Inditex believes that its like-for-like sales for the whole year is expected to grow between 4 and 6 per cent.

The Group says that the reason for the growth in both profits and sales is majorly due to its continual focus on enhancing its customers’ unique experience with inventory management.

Besides, the fashion retailer has been working on a tight coordination of every step in the value chain be it design, production, logistics and distribution.

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