SPAIN: Inditex FY profit surges 22% to EUR2.3bn
By Richard Woodard | 13 March 2013
Fashion retail giant Inditex, owner of the Zara brand, recorded a 22% increase in net profit in fiscal 2012, boosted by a double-digit sales increase and nearly 500 new store openings.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
Who has signed the Bangladesh safety accord - update
A total of 40 companies have now signed the new Accord on Fire and Building Safety in Bangladesh following the collapse of the Rana Plaza factory building last month, which killed more than 1,100 people.
Gap hopes for a global alliance on factory safety
The chairman and CEO of US retail giant Gap Inc says he hasn't given up on the idea of a global accord to tackle fire and building safety in Bangladesh - but that the current agreement largely backed by European brands and retailers "didn't make sense for us."
just-style's most read stories this week...
The most-read stories on just-style this week include a rush by apparel brands and retailers to sign the new Accord on Fire and Building Safety in Bangladesh, a report on what the agreement entails, and plans by M&S to shake up its supplier base.
Market research related to this article
Inditex Company Briefing
A one-stop destination for unique data and opinion on Inditex's global clothing offer. Targeted at retailers and stakeholders of the retailer, we assess its clothing performance, strategic direction and provide Verdict's view on its future....
Inditex: Global fashion powerhouse
Inditex was founded in 1963 by Amancio Ortega Gaona. The group opened its first Zara shop in 1975 in A Coruna, Spain. Inditex was established as the head of the corporate group in 1985. The group witnessed expansion outside of Spain for the first tim...
Inditex, Industria de Diseño Textil in Retailing (World)
With economic uncertainty in the Eurozone and a Spanish economy that could flounder, what is the outlook for Inditex, the Spanish apparel and home furnishings giant? This report looks at Inditex’s fight for growth and emerging market development, aga...