{"id":222030,"date":"2022-12-14T09:36:30","date_gmt":"2022-12-14T09:36:30","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=222030"},"modified":"2022-12-14T18:47:01","modified_gmt":"2022-12-14T18:47:01","slug":"inditex-credits-sales-rise-to-unique-business-model","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/inditex-credits-sales-rise-to-unique-business-model\/","title":{"rendered":"Inditex credits sales rise to 'unique business model'"},"content":{"rendered":"<p><strong><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/inditex\/\" target=\"_blank\" rel=\"noopener\">Inditex<\/a><\/span>, the owner of <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/zara\/\" target=\"_blank\" rel=\"noopener\">Zara<\/a><\/span> and <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/pullbear\/\" target=\"_blank\" rel=\"noopener\">Pull&amp;Bear,<\/a><\/span> has reported a 19% increase in sales to \u00a319.8 billion (\u20ac23.1 billion) for the nine months to 31 October 2022.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>The group said its AW collections were \"very well received\" across all brands and sales were positive in all geographic areas.<\/p>\n<p>For the nine months, Inditex also shared the following results:<\/p>\n<ul>\n<li>Gross profit up 19% to \u00a311.6 billion (\u20ac13.5 billion).<\/li>\n<li>Gross margin of 58.7%.<\/li>\n<li>EBITDA up 20% to \u00a35.5 billion (\u20ac6.5 billion).<\/li>\n<li>Net income up 24% to \u00a32.6 billion (\u20ac3.1 billion).<\/li>\n<\/ul>\n<p>In addition, Inditex reported 30 openings. At the end of the period, the group had 6,307 stores worldwide.<\/p>\n<p>Looking ahead, the group hopes to \"improve product proposition, enhance customer experience, maintain focus on sustainability and preserve the talent and commitment of its people\".<\/p>\n<p>In-store and online sales between 1 November and 8 December 2022 increased 12% in constant currency. This was credited to \"store differentiation\". Online sales continued progressing \"satisfactorily\" and were above 2021's record figures.<\/p>\n<p>\u00d3scar Garc\u00eda Maceiras, CEO of Inditex, said: \u201cIn the current challenging context, these results clearly reflect the strength of our unique business model: fashionable collections, an appealing shopping experience and a team highly committed to achieving achieve profitable and more sustainable growth.\"<\/p>\n<p>The news comes after <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/inditex-and-industriall-strengthen-alliance-to-improve-supply-chain-working-conditions\/\" target=\"_blank\" rel=\"noopener\">Inditex\u00a0strengthened its relationship with IndustriALL<\/a><\/span> and its commitment to improve working conditions in the textile supply chain with the signing of a new protocol.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":100,"featured_media":199042,"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],"tags":[9866,11222,10217,35],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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