
It is the fastest growth pace in more than two years for the world’s largest clothing retailer, Inditex SA, (Zara Parent) which reported a 28 per cent gain in its net profit for the first quarter. Its quarterly net profit surged to Euro 521 million, versus a year-ago profit of Euro 406 million. Its sales rose 17 per cent to Euro 4.37 billion as Inditex opened 63 new stores in the quarter. The company has opened more than 400 stores annually on an average over the past five years and operates in about 90 countries.
Future challenges for Inditex include how to make its online franchise as powerful as it physical one, and what will happen when its founder and controlling shareholder Amancio Ortega (79) withdraws altogether from the Group.






