Inditex books higher sales across all brands during first half

(Source: Bigstock)

Zara’s parent, Inditex, booked higher net income and sales across all of its brands during the fiscal first half year.

The fashion group’s net income surged 10.1 per cent to €5.0 billion (A$8.24 billion) as net sales rose 7.2 per cent to €18.1 billion, thanks to the spring and summer collections being well received by customers.

Zara’s net sales increased 5.4 per cent to €13.0 billion while Pull&Bear climbed 7.9 per cent to €1.1 billion.

Massimo Dutti jumped 7.4 per cent to €904 million while Bershka soared 16.7 per cent to €1.4 billion.

Stradivarius surged 16.7 per cent to €1.3 billion and Oysho stood at €368 million, up 6.4 per cent.

The company ended the first half with 5667 stores, with openings carried out in 34 markets.

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