Inditex sales surge to €4.9bn

Zara-owner Inditex saw sales skyrocket by 50 per cent in the first quarter of the year.

The multinational clothing retailer, which also owns Bershka, Pull&Bear, and Stradivarius, as well as a number of other brands, saw sales hit €4.9 billion over the period.

Gross profit margins lifted to 59.9 per cent, reaching €2.96 billion in total.

Both store and online sales between 1 May and 6 June 2021 registered year-on-year growth of 102 per cent. Digital and in-store sales were 5 per cent higher than pre-pandemic levels over the same period.

The company said that sales were higher across all geographies, despite 24 per cent of trading hours unavailable due to lockdowns and restrictions.

“Our differentiation and strategic transformation towards a fully integrated, digital and sustainable model continues to bear fruit supported by the commitment displayed by all the people who work at Inditex,” said Inditex’s executive chairman, Pablo Isla.

The retailer describes itself as a “fully digital company” and said it continues to develop its applications and microservices, which are all layered over its Inditex Open Platform.

In its financial results, the company also mentioned the rollout of its Store Mode app feature, which allows customers to browse items in the store of their choice through their mobile app to know which items are in store before they arrive.

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