net profit increased by 12% to \u20ac2.72 billion.<\/strong><\/p>\n<\/p>\n
Pablo Isla, CEO at the parent of Zara, Massimo Dutti and Pull & Bear among others, said it success was down to its \"integrated stores and online model, thanks to our focus on the highest-quality locations, store environments, products and customer experience both in stores and online<\/strong>. Crucially, this is coupled with strategic investments in technology and sustainability.\u201d<\/p>\nThe company highlighted an \"especially remarkable\" increase\u00a0in the gross margin\u00a0to<\/strong> 58.2%<\/strong> of sales, and the strong net cash position, up +17% to reach \u20ac7.7 billion, underpinned by strong operating performance.<\/p>\nDuring the period the group extended its store and online platforms with Zara extending its online operations to\u00a0South Africa, Ukraine, Philippines and Colombia.<\/strong> In addition both Massimo Dutti\u2019s and Zara Home\u2019s online platform went live in the United Arab Emirates, Saudi Arabia, Lebanon and Morocco; while Stradivarius, Oysho and Uterq\u00fce launched their online platforms in the United States.<\/p>\nAll of the group\u2019s brands are now operating worldwide online stores,<\/strong> which reach more than 200 markets across the globe, it said.<\/p>\nIts new for&from fascia also made its first venture outside of Spain<\/strong> into Como in Italy. for&from is a not-for-profit venture staffed by people with mental or physical disabilities and sells past-season items at a discount with all profits\u00a0invested back into projects for disabled people.<\/p>\nThe group's management estimates like-for-like sales growth of 4% - 6% for the full year in 2019.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" […]<\/p>\n","protected":false},"author":11,"featured_media":135609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[10220,10217,10218,10480,10219,15571,10479,10216],"acf":[],"yoast_head":"\n
Inditex posts nine-month net sales up 7.5% to \u20ac19.8 billion - TheIndustry.fashion<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n