The retail giant behind Zara, Inditex, has announced that its spring and summer collections have seen a surge in sales, as the company pushes forward with its plans to digitise its stores worldwide. Inditex, which also owns brands like Pull&Bear and Bershka, reported that its global sales hit 8.2 billion euros (£7billion) from February to April.
This represents a 7.1% increase compared to the same period last year. Although this first-quarter sales update indicates a slight deceleration following a record-breaking year, Inditex noted that sales have picked up pace in recent weeks, with May seeing a 12% rise compared to last year, and strong customer demand for its latest fashion lines.
Operating around 5,700 stores globally, the Spanish conglomerate disclosed a gross profit of 4.9 billion euros (£4.2billion) for the period, a 7.
3% increase from 4.6 billion euros (£3.9 billion) a year earlier.
In a significant move, Inditex reopened 19 stores and resumed online operations in Ukraine in April, after a temporary closure due to Russia's invasion two years prior. Additionally, the company expanded its international footprint by opening new stores in countries including Uzbekistan. While Europe remains its largest market, Inditex also boasts an extensive network across America and Asia.
Moreover, the fashion giant has launched an "extraordinary" two-year investment plan aimed at expanding its logistics capabilities. Inditex is set to invest 1.8 billion euros (£1.
5billion) in a .
