{"id":179205,"date":"2021-09-15T11:38:54","date_gmt":"2021-09-15T11:38:54","guid":{"rendered":"https:\/\/www.theindustry.fashion\/inditex-sales-and-profits-hit-historic-highs-in-first-half-year\/"},"modified":"2021-09-16T16:59:14","modified_gmt":"2021-09-16T16:59:14","slug":"inditex-sales-and-profits-hit-historic-highs-in-first-half-year","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/inditex-sales-and-profits-hit-historic-highs-in-first-half-year\/","title":{"rendered":"Inditex sales and profits \u201chit historic highs\u201d in first-half year"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.theindustry.fashion\/intelligence\/inditex\">Inditex<\/a>, the Spanish retail group whose brands include <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/zara\">Zara<\/a>, <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/massimo-dutti\">Massimo Dutti<\/a>, <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/pull-bear\">Pull &amp; Bear<\/a>, <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/bershka\">Bershka<\/a> and <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/stradivarius\">Stradivarius<\/a>, has reported record first-half year revenue of \u20ac11.94bn (\u00a310.2bn),\u00a0up 49% year-on-year.<\/strong><!--more--><\/p>\n<p><strong>Net profit\u00a0amounted to\u00a0\u20ac1.27bn (\u00a31.09bn)<\/strong>, compared with a loss of \u20ac195m (\u00a3166.78m) in the first half of 2020.<\/p>\n<p>Cash generation remained strong as the group's net cash position reached an \u201chistoric high\u201d of \u20ac8bn (\u00a36.84bn) at the end of the first half year - from 1 February to 31 July, 2021.<\/p>\n<p><strong>Online sales\u00a0in local currencies registered first-half\u00a0growth of 36%\u00a0compared to first-half 2020<\/strong>, and\u00a0137%\u00a0when compared to the same period in 2019. Online sales are expected to account for more than 25% of total sales in full-year 2021.<\/p>\n<p><strong>Second-quarter revenue\u00a0accelerated and\u00a0grew 7%\u00a0in local currencies, to\u00a0\u20ac6.99bn (\u00a35.97bn)<\/strong>, when compared with the previous historic high for the quarter, set in the second-quarter of 2019. Similarly, second-quarter 2021 net profit reached \u20ac850 million (\u00a3727m), outperforming the previous high set in\u00a0second-quarter 2019.<\/p>\n<p>Executive Chairman of Inditex, Pablo Isla, commented that the strong performance \u201cis the result of the\u00a0commitment displayed by everyone\u00a0at the company and their continued focus on delivering\u00a0top creative and quality fashion. Thanks to all of them we are reaping the benefits of the\u00a0strategic and sustainable transformation\u00a0in our\u00a0unique business model.\u201d<\/p>\n<p>Zara Man is\u00a0launching a\u00a0line of sportswear\u00a0that will be available\u00a0online and in selected stores\u00a0from 30 September, 2021. The collection is called\u00a0Zara Athleticz\u00a0and is based on simplicity, comfort and functionality.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inditex, the Spanish retail group whose brands include Zara, Massimo Dutti, Pull &amp; Bear, Bershka and Stradivarius, has reported record first-half year revenue of \u20ac11.94bn (\u00a310.2bn),\u00a0up 49% year-on-year.<\/p>\n","protected":false},"author":39,"featured_media":144050,"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":[10220,11222,10217,10218,11376,10219,10478,10216],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inditex sales and profits \u201chit historic highs\u201d in first-half year - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Inditex, the Spanish retail group whose brands include Zara, Massimo Dutti, Pull &amp; 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