The Spanish apparel group’s president insisted the business model is “solid” and said he is confident about the group’s recovery. If all Inditex stores will re-open in April, 2021 sales will be on par with 2019.
Inditex continued to go from strength to strength in the latest quarter and first nine months of its financial year as its omnichannel strategy and focus on stores in the best locations paid off for all brands.
Zara continues to be the group’s largest brand, while Stradivarius and Uterqüe are the fastest-growing formats. FashionNetwork.com takes an in depth look at brand performance and Inditex’s long-term vision.
Inditex has seemed unstoppable for years and its results on Wednesday showed no sign of that changing any time soon. The fashion retail giant reported H1 sales growth of 7% with new revenues and profits records.
The Spanish apparel giant is committed to a global transformation strategy aiming for full sustainability by 2025. By 2020, all of its stores will be eco-efficient and will completely eliminate the use of plastic bags.
Inditex is another of the big winners in global fashion retail and while its sales and profits increases may not always match analysts’ lofty expectations, it's a consistent performer as it continues to expand globally.