Inditex reports net sales up by 3% in FY 2018
Inditex, Thursday, Mar 14, 2019
Inditex, the operator of Zara and several other apparel brands, has reported FY 2018 results for the period ended 31 January 2019. Sales increased by 3% to EUR26.14 billion versus EUR25.33 billion for 2017. Like-for-like sales grew by 4%.
Online sales grew 27% to EUR3.2 billion in FY 2018, with 14% of total sales taking place online and 12% of the total in countries where the retailer has an online and physical presence. The retailer ended the year with 7,490 stores in 96 markets, opening 15 stores in 2018.