Inditex reports net sales up by 3% in FY 2018

Source: 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.