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Inditex Profits Rise 14%

(Filed Under Financial and General Interest News). Inditex, operator of eight retail concepts including international clothing chain Zara and intimate apparel brand Oysho, reported a 14 percent increase in 2011 first-half profits to €717 million, or $1.02 billion.

Sales increased 12 percent to €6.2 billion, or $8.8 billion, accounting for fluctuating currency rates. A majority of sales come from online purchases in Europe, though the company is extending its e-commerce platforms worldwide. Inditex launched a U.S. e-commerce shop for Zara on September 7 and will launch an online sales platform for Japan on October 20.

Spain-based Inditex is currently operating 5,221 stores in 78 countries.

more Financial and General Interest News >>

Published 09-22-2011 by Katherine Rautenberg

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