Showing posts with label Zara owner sees soaring profits on expansion. Show all posts
Showing posts with label Zara owner sees soaring profits on expansion. Show all posts

Wednesday, 15 June 2011

Spain's Inditex, the world's largest fashion retailer and owner of the Zara brand, Wednesday posted bumper profits for the first quarter as it pursued an ambitious programme of international expansion.
Profits for the February-to-April period totalled 332 million euros ($447 million), up 10.3 percent from last year.
Sales leapt 11 percent to 2.96 billion euros, while earnings before interest, taxes, depreciation and amortisation, or EBIDTA, was up 7.0 percent at 601 million euros.
The group said it opened 110 stores in 29 different countries during the quarter, bringing the total to 5,154 as of April 30, 2011, "providing a snapshot of the global growth potential of the Inditex Group?s retail concepts."
They included the opening of Zara?s first store in Australia, which increased the number of countries where Inditex sells its products to 78.
Inditex, whose other brands include youth label Bershka and the upmarket Massimo Dutti, also plans its first stores in South Africa, Taiwan and Peru before the end of the year.
It said e-commerce operations of Zara, currently present in 16 European countries, will begin in the United States from September 7, 2011.
In the financial year ending January 31, Inditex reported a 33 percent jump in profits to 1.73 billion euros. Asia was the fastest growing revenue source during the year, expanding its share to 15 percent from 12 percent

 

Categories

'Cheating' Chilean miner rescued (1) 'Codependency is not about a relationship with an addict (1) 000 inhabitants (1) A Pole Addict's 12 Step Program: Step 12 (1) ADDICTED TO LOVE (1) CONTINUE ENGAGING YOUR PRIMARY MATE (1) Celebs manage a quiet divorce (1) China’s aggressive new regulations aimed at cooling off the nation’s real estate market have led to the first decline in housing prices in 16 months (1) Courtney Cox was cheating (1) Depression (1) Hollywood ex-romance: Shia LaBeouf and Carey Mulligan confirm their Split (1) INVEST IN A “PAY-AS-YOU-GO” PHONE (1) Jerry Hall former model and wife of Rolling Stones singer Mick Jagger (1) Joaquin Villanova (1) Juhu-based actress has lodged a case against her husband and his two brother-in-laws from his first marriage for cheating and threatening her. (1) Successful businesses must focus on relationship building (1) That was the best sex ever (1) Tiger Woods Tiger hole number 3 (1) What is Compulsive Sexual Behavior (1) as ‘outrageous’ for a municipality of 30 (1) but she didn't give up looking for me at just one strip club. (1) control battles take place (1) denounced the salary of the Mayor (1) has revealed her ex-husband’s addiction for poker and women. (1) husband was having sex with someone else (1) it is the absence of relationship with self (1) mood swings and irritability - these symptoms are more visible in men when they break up with their girlfriends. (1) signs of a cheating wife you can't ignore (1) “It was like she was stalking me. “She definitely knew who I was and wanted to meet me and talk things over (1)

Unordered List

Disclaimer

Disclaimer: The statements and articles listed here, and any opinions, are those of the writers alone, and neither are opinions of nor reflect the views of this Blog. Aggregated content created by others is the sole responsibility of the writers and its accuracy and completeness are not endorsed or guaranteed. This goes for all those links, too: Blogs have no control over the information you access via such links, does not endorse that information, cannot guarantee the accuracy of the information provided or any analysis based thereon, and shall not be responsible for it or for the consequences of your use of that information.

Blog Archive

Pageviews from the past week

Subscribe via email

Enter your email address:

Delivered by FeedBurner

Members

Powered by Blogger.

Translate

LinkWithin

Related Posts Plugin for WordPress, Blogger...

Popular Posts

THE INTERNATIONAL MARBELLA SET

THE INTERNATIONAL MARBELLA SET

Popular Posts