The world’s biggest fashion retailer Inditex has reported growing revenues and profits amid its third-quarter results.
In the nine months to October 31st the Zara owner posted net sales of £15.83 billion, up 10% from £12.96 billion a year prior.
Profits also jumped 9% to £9.08 billion, while gross margins hit 57.4%. Meanwhile, EBIT grew 6% to £2.64 billion.
This was driven by continued global expansion for the retail giant opening 212 stores including 60 Zara stores, 13 Pull & Bear stores and 30 Stradivarius stores, bringing the total to 7504 across 52 markets.
