Inditex Group’s net sales rose by 10% to €17.96 billion in Q3 2017

  • The Group continues to develop its integrated offline-online platform, rolling out same-day delivery in six cities and next-day delivery in six markets, including Spain, France, the UK and China.
  • Inditex is deploying automated in-store pick-up points for online orders.
  • Store count reached 7,504 with a footprint in 94 markets, having opened its first stores in Belarus in the third quarter.
  • The Group’s retail brands opened new stores in 52 different markets during the reporting period, including in the US, Vietnam, China and Turkey.
  • The Group’s online presence reached 45 markets, following the launch of www.zara. com in India. Bershka’s online platform also went live in the US.
  • Net profit for the first nine months of the fiscal year registered growth of 6% to €2.3 bn.
  • The Group renewed its community investment agreements for emergency relief with Médecins Sans Frontières (MSF).
  • The third quarter was marked by the tenth anniversary of the Framework Agreement between Inditex and IndustriALL Global Union; a meeting took place with the International Labour Organization (ILO) to monitor the joint projects underway.
  • Store and online sales increased by 13% in local currencies between 1 November and 11 December 2017.

Key information

Arteixo, Spain, 2017-Dec-14 — /EPR Retail News/ — The Inditex Group’s net sales rose by 10% in the first nine months of fiscal 2017 – from 1 February to 31 October –, on top of the growth of 11% recorded in the same period of 2016, to €17.96 billion. Net profit was €2.3 billion, with year-on-year growth of 6%.

The Group’s achieved a strong operating performance in the period. It made further progress on the global roll-out of its fully integrated store and online model, whilst also continuing to bolster its strategy of opening and refurbishing flagship stores on the world’s busiest shopping streets and optimising its sales floor area.

Commenting on the online-offline model, the company’s Chairman and CEO, Pablo Isla, highlighted the “increasingly integrated management of the platform, which is translating into value-added customer services”. Isla highlighted services such as same-day delivery, -already on offer in Madrid, London, Paris, Istanbul, Taipei and Shanghai-, next-day delivery, -available in Spain, France, the UK, Poland, China and South Korea- and the rollout of automated in-store pick-up points for orders placed online. Also, remarked the simultaneous offline and online transition between collections, both between seasons and every fortnight when the various collections are refreshed.

International expansion

In the current reporting period, the Group continued to expand its integrated online-offline sales platform and its sales floor area increased across all geographies. During the first 9 months, Inditex opened 212 stores in 52 markets, increasing its global footprint to 94 markets, with the inauguration of a 4,000 square metre flagship Zara store, as well as Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Zara Home and Oysho stores, in Minsk (Belarus) last August.

Inditex opened 74 stores in Europe, 48 in the Americas and 90 in Asia and the rest of the world, with all of the Group’s retail formats adding to their store counts.

As for the online platform, Inditex’s reach currently extends to 45 markets in the wake of the inauguration of Zara’s online operations in India in October. During the 9M17, Zara also launched online sales in Malaysia, Singapore, Thailand and Vietnam.

The period was also marked by the inauguration and expansion of multiple Zara flagship stores worldwide, including: the iconic 6,000 square-metre establishment at Castellana 79 in Madrid (Spain); Zara’s first street store in Bombay, which occupies 4,800 square metres in the emblematic Ismail Building; the new 2,200 square-metre Zara Cloud Nine store in Shanghai (China); and a 4,500 square-metre space in Hanoi (Vietnam). The last two flagship stores opened to the public in November.

Additionally, Zara also opened new stores in in the US, in California, New Jersey, Michigan and, most recently in Florida. In Canada, Zara recently opened stores in Toronto, Calgary and Halifax. Finally, Zara opened numerous high-profile stores in the Chinese cities of Harbin, Shenzen, Hangzhou, Chongquing, Yiwu and Shanghai.

Turning to store expansion and refurbishment, Zara reopened stores in the Marineda shopping centre in A Coruña (Spain) -equipped with one of the Group’s in-store pick-up points for online orders-; its flagship store in Seoul (Korea); Westfield Century City shopping centre in Los Angeles (US); Forum des Halles in Paris (France); Smáralind shopping centre in Reykjavik (Iceland); Avenida de Santa Fe in Buenos Aires (Argentina); in the Wanda and Sky Mall shopping centres in Shanghai (China) and on Corso Garibaldi in Regio Calabria (Italy).

These came on the heels of other flagship reopenings earlier in the year such as the refurbished 4,000 square-metre Zara Opera store in Paris (France) and the 2,500 squaremetre Zara Nagoya store in Japan.

Bershka, meanwhile, reopened its flagship store in the Tokyo’s Shibuya district on 15 September. The refurbished store has been updated to portray the brand’s newest image, embodied by the Stage concept, across 1,000 square metres over four floors which house the Bershka, Bsk and Man collections.

Bershka also opened high-profile stores in Bielefeld (Germany), Harbin (China), Bogota (Colombia) and the Mall of Egypt in Cairo (Egypt), a shopping centre in which Massimo Dutti, Oysho, Pull&Bear, Stradivarius and Zara Home also recently opened new stores.

Bershka also increased its online reach, launching its e-commerce platform in South Korea, Japan and the US. The US launch was accompanied by a pop-up store in the heart of New York’s SoHo district which is going to remain open until the end of December, showing the brand’s autumn-winter collections.

Massimo Dutti, Pull&Bear and Stradivarius opened their first stores in Vietnam, in Ho-Chi Minh City, while Zara Home inaugurated its maiden stores in Armenia and the Czech Republic, a market in which Oysho, also extended its footprint to Honduras during the quarter.

During the period, Massimo Dutti opened high-profile stores, in Baku (Azerbaijan); Hangzhou (China); Goyang (South Korea); Cracow and Wroclaw in Poland; and in the Torre Manacar shopping centre in Mexico D.F.

In addition, it reopened its stores in Ermou in Athens (Greece) and in the Sturegalleriaen in Stockholm (Sweden), following significant expansions. In addition, inaugurated a 1,500 square-metre flagship store in Valencia (Spain) and another one in Zurich (Switzerland) on 1 December. Massimo Dutti also updated its image at its store on Massira Al Khadra in Casablanca. The new image is true to the brand’s hallmark values: elegance, quality, sobriety and sustainability.

Pull&Bear, opened major stores in Moscow (Russia); Graz (Austria); the Loom shopping centre in Bielefeld (Germany); the Yiwu City Life Square shopping centre in Yiwu (China); Bogota (Colombia), Puebla (Mexico); Yogyakarta (Indonesia); Ra’anana (Israel); Lule (Portugal); Kiev (Ukraine); and two new stores in Istanbul and another in Bursa (Turkey). Pull&Bear also reopened and expanded existing stores including Porto Pi, Palma de Mallorca (Spain); on Île de France (France) and on Via Independenza in Bologna (Italy).

In addition to expanding its online platform to South Korea, Oysho opened a significant number of new stores in the quarter, including in the Wharf IFS shopping centre in Chongqing (China); the La Felicidad shopping centre in Bogota (Colombia); in the cities of Patras (Greece); Goyang (South Korea), Genoa (Italy), Moscow (Russia) and Turkey, where it opened three new stores between Istanbul and Bursa. It also expanded its Spanish flagship stores on Barcelona’s Paseo de Gracia and on Logroño’s calle San Antón.

Zara Home, welcomed its customers to new stores in Riad (Saudi Arabia); Las Condes in Santiago de Chile (Chile); and the Chinese cities of Hangzhou and Shenzhen. Other new establishments included those added in Goyang (South Korea); Cairo (Egypt); and Diezerstraat in Zwolle (Netherlands).

The home fashion chain also opened two stores in Poland, three in Turkey and new establishments in Punta Cana (Dominican Republic), Moscow (Russia) and Madrid (Spain). Zara Home refurbished and expanded its flagship stores on Grosse Bleichen in Hamburg (Germany) and in the W Shopping centre in Brussels (Belgium).

Stradivarius, meanwhile, opened high-profile stores in Poland – specifically in the Arkady Wroclawskie shopping centre in Wroclaw -, Motril (Spain), Palermo (Italy), Tangier (Morocco), Beirut (Lebanon), Puerto Vallarta (Mexico), Serris and Villeneuve la Garenne (France), the Binjiang Paradise Walk shopping centre in Hangzhou (China) and in the Hilltown shopping centre in Istanbul (Turkey).

Stradivarius reopened its flagship store in the emblematic Plaza de Lugo in La Coruña (Spain). This store, which spans over 600 square metres, reflects the brand’s renewed style and introduces genuine ash timber for the first time to complement the industrial characteristic of Stradivarius’s Cube stores.

During the quarter, Stradivarius also extended its store in Casa Fortuny in Villafranca del Penedés (Spain) and its premises in the Luz del Tajo and El Rosal shopping centres in Toledo and Ponferrada (Spain), respectively.

It is also worth highlighting the refurbishment work undertaken at the chain’s stores on Avenida de Viya in Cadiz (Spain) and in the Arcadia shopping centre in Warszawa (Poland).

Uterqüe continued to expand and renew its store network during the quarter, opening major stores in Moscow (Russia), Wroclaw (Poland) and Riad (Saudi Arabia). Uterqüe also entered new markets this year, including Romania for the first time. In parallel, the brand continued to execute on its plan to roll out its new store image to flagship stores such as the one located on calle Rodríguez Árias in Bilbao (Spain).

Commercial initiatives

The third quarter was once again marked by a plethora of commercial initiatives by all the chains. Zara collaborated with the prestigious photographer Steven Meisel on the images for Zara’s autumn/winter 17/18 women’s collection, inspired by all things British with a touch of the 90s, complete with classic pieces re-imagined for a feminine and sophisticated look. Zara also expanded the scope of its Join Life collections, launching men’s and baby ranges.

Massimo Dutti participated in the TMall platform’s Super Brand Day, creating a lookbook featuring the celebrity, Bosco Wong, and organising a catwalk fashion show.

Pull&Bear celebrated Marc Márquez’s victory in the MotoGP world championships by launching the second Marc Márquez X Pull&Bear collection, for which design the six-time world champion gets actively involved. This brand also launched its first complete line of women’s beauty products (eyeliners, eyeshadows, lip balms, face masks, nail polish, etc.) under the Hey Beauty! trademark.

Oysho went ahead with its Yoga Tour, organising events in Madrid and Istanbul in October. More than 3,000 people participated in the yoga master class given on Madrid’s Paseo del Prado.

The brand also launched its first ski collection, with premium finishes and performance fabrics. The ski jackets, made using a special waterproof, breathable fabric with added features hidden in the hood, are the star feature. The use of Thermolite® technology makes the more lightweight pieces warmer to wear.

Bershka launched its Misunderstood collection in collaboration with Italian singer Fedez, with 41 platinum and 20 gold releases under his belt. The collection, which went on sale on 6 October, and was available online and in select stores, drew from the retro 90s look and featured highly colourful garments inspired by the worlds of sports and tattoos. This partnership translated into a collection which represented the rap scene, as well as the brand’s youthful spirit.

Zarahome.com celebrated its tenth anniversary on 29 October and launched a their new image on Instagram. Uterqüe participated once again in the Gallery Weekend initiative which took place in Madrid from 14 – 16 September and in Barcelona during the weekend of 29 September – 1 October. The goal is to introduce the general public to contemporary art and promote the Madrid and Barcelona art scenes on the international stage. Uterqüe also extended its collaboration with the world of art by hosting exhibitions in its flagship store on Paseo de Gracia in Barcelona (Spain).

Sustainability

In line with its strategic goal to achieve a circular economy model, the Group continued to roll out its used-clothing collection programme in collaboration with various international NGOs. This programme is already fully operational in 562 stores in eight countries (Spain, Portugal, the UK, Ireland, Netherlands, Denmark, China and Sweden). Planning is in progress for implementation of the scheme in another 22 markets, with pilot tests underway in some of these, including Austria (four stores) and Canada (13 stores).

The Salta project

The Salta project, which is celebrating its tenth anniversary this year, was set up in France in 2008 – under the name of Jeunes [Youths] – with the aim of training and providing in-store work experience to people at risk of social exclusion due to serious difficulties in accessing the job market.

The chairman and CEO of Inditex, Pablo Isla, met with some of the ‘graduates’ of the programme to mark the occasion. The event was attended by members of the last group of participants and representatives from the prior 20 groups. To date the programme has helped 780 people to access work across the Group’s stores, factories and logistics centres; 67% of these youths are still working at the company and 7% have already been promoted internally.

Today the project is up and running in 12 cities under the name of Salta [Leap]: Barcelona, Madrid, Paris, Milan, Athens, Hamburg, Warsaw, London, Lisbon, Mexico City, São Paolo and New York.

Some 1,259 company employees have participated in the project as teachers, tutors or mentors. The endeavour has also boasted the participation of celebrities such as the French football side’s coach Raymond Domenech, the former cyclist Bernard Hinault, the mountain climber Edurne Pasaban, the painter Lita Cabellut and the dancer Nadia Adame, who shared their own experiences on how to overcame tough challenges. More than 40 charities have collaborated with the initiative, helping with the selection process, as well as training and subsequent monitoring of the participants once on the job.

‘for&from’ programme

Elsewhere, the Group has also continued to foster its ‘for&from’ programme this year, having opened a new ‘for&from’ Oysho store in Llagostera (Spain), which is being managed by the NGO, Moltacte. The new store is staffed with five people with different kinds of disabilities. With this newest establishment, there are now 13 stores within Inditex’s ‘for&from’ programme, which employs 151 people with different forms of disability.

Inditex, IndustriALL and the ILO

Inditex also celebrated another important tenth anniversary during the quarter: its Global Framework Agreement with IndustriALL Global Union, which represents over 50 million workers in 140 countries. During an event that took place at the Madrid head offices of the Economic and Social Council, the chairman and CEO of Inditex, Pablo Isla, and the general secretary of IndustriALL, Valter Sanches, reviewed the key progress made under this pioneering agreement, aimed to protect and promote labour conditions throughout the entire supply chain.

During his presentation, Pablo Isla stressed that the work performed together during the past decade “ratifies the Global Framework Agreement as one of the best tools for continuing to ensure and encourage best labour practices among the companies that supply the garment industry”. He noted that universal entitlement to the freedom of association and right to collective bargaining were the cornerstones of this effort.

Pablo Isla also met with the Director-General of the International Labour Organization (ILO), Guy Ryder, in October to review and reinforce the various projects for which the two entities are collaborating with the overriding aim of enhancing labour conditions at all levels of the garment sector value chain.

During the meeting, Pablo Isla emphasised “Inditex’s firm commitment to the ILO conventions, on which our Code of Conduct for Manufacturers and Suppliers is based, and to the United Nations Sustainable Development Goals, especially those related to decent work”. He went on to highlight the projects on which Inditex is already underway, in countries such as China, Turkey, Cambodia, Brazil and Indonesia.

Humanitarian aid

In November, Inditex renewed its agreements with Médecins Sans Frontières (MSF for its acronym in French), one of the key entities through which Inditex channels its concerted investment in humanitarian assistance.

Inditex has renewed its commitment to the medical and humanitarian relief work carried out by MSF with Syrian refugees in the Turkish province of Kilis and to the Emergency Desk operated from MSF’s headquarters in Spain. Thanks to this annual agreement, which consisted of a total contribution of €2.3 million, Inditex’s support will extend to the Al Salamah Hospital in the Azzaz district of the Syrian province of Aleppo. The collaboration also covers care for Rohingya refugees in Bangladesh and a programme for combating severe malnutrition in children in India.

The agreement was signed by Pablo Isla and the managing director of MSF Spain, Joan Tubau, at Inditex’s headquarters in Arteixo (La Coruña), at a ceremony also attended by the president of the medical-humanitarian organisation in Spain, David Noguera.

Fourth-quarter 2017 trading update

Online and offline store sales increased by 13% in local currency terms between 1 November and 11 December 2017.

SOURCE: Inditex

Communication and Corporate Affairs Division
Edificio Inditex
Avda. de la Diputación s/n
15143 – Arteixo
A Coruña – SPAIN

Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

Inditex Group: revenue rose by 11.5% in the first half of 2017 to €11.7 billion

Inditex Group: revenue rose by 11.5% in the first half of 2017 to €11.7 billion

 

  • During the past 12 months, Inditex has generated more than 11,000 new jobs, 2,933 of which are in Spain
  • First-half revenue amounted to €11.7 billion
  • Like-for-like sales growth was 6% in the first half, and were positive across all geographies
  • The Group reported net profit of €1.37 billion, up 9% year-on-year
  • Chairman and CEO, Pablo Isla, emphasised the “strength and sustainability of our integrated offline-online store model, which continues to deliver growth, while creating value for society and the environment in which we operate, including job creation across our markets and in Spain where we are headquartered”
  • Inditex opened new stores in 35 markets during the first six months of the year, reaching a total store count of 7,405
  • The Group is currently present in 94 markets, 46 of which also have an online presence, having introduced seven of its retail concepts in Belarus and with www.zara.com scheduled to launch in India on 4 October
  • In-store and online sales increased by 12% in constant-currency terms between 1 August and 17 September 2017

Arteixo, Spain, 2017-Sep-20 — /EPR Retail News/ — Inditex Group revenue rose by 11.5% in the first half of 2017 (1 February – 31 July) to €11.7 billion, underpinned by growth across all markets and brands. First-half net profit amounted to €1.37 billion, seeing year-on-year growth of 9%. Like-for-like sales growth was 6%.

The Group also continued to generate jobs at a healthy pace, having created 11,043 new positions in the last 12 months. Of these, 2,933 jobs are located in Spain, resulting from growing teams at our headquarters.

On this point, Inditex´s Chairman and CEO, Pablo Isla, sought to underline the “strength and sustainability of the company´s integrated offline-online store model, which year after year continues to demonstrate its ability to deliver growth, while emphasising the creation of value for society and the environment, as evidenced by the notable creation of jobs, particularly in Spain, thanks to the headquarters effect”.

The Group´s strong performance, both financial, environmental and social, was recently endorsed by Dow Jones Sustainability Index (DJSI). The latest edition of the report awarded Inditex a score more than twice the industry average and commended its supply chain management, its strategy for emerging markets, its “strong corporate environmental policy and the company´s eco-efficiency goals for 2020”, as well as its “proactive” efforts to address human rights issues, an area in which Inditex is said to have implemented “bestin- class” policies, with an “approach to public disclosures on these topics that continues to exceed the industry standard”. The DJSI is the gold standard for corporate sustainability with only the top 10% of leading performers assessed against its criteria.

Key figures (first half of 2017)

(€ BILLION) 1H 2017 1H 2016 % 17/16
Revenue 11.67 10.47 11.5%
Gross profit
Gross margin
6.58
56.4%
5.95
56.8%
11%
EBITDA 2.29 2.11 9%
EBIT 1.74 1.61 9%
Beneficio neto 1.37 1.26 9%

All of the Group´s brands expanded their international footprints, adding stores in 35 countries. As a result, the Group´s global store count rose to 7,405, 113 more than at the start of the year (net of closures). Following the introduction of seven of the Group´s retail concepts in Belarus in August, and with the www.zara.com platform scheduled to launch in India on 4 October, the Group is now operating in 94 markets, 46 of which have an online presence.

The Group continued to invest in areas related to the company´s growth strategy during the reporting period, opening, refurbishing and renovating stores as well as continuously upgrading and modernising its facilities and logistics platforms. Capital expenditure for the full year is estimated at €1.5 billion.

In June, work began on the construction of a new logistics centre in A Laracha (Galicia, Spain), and in September construction started on the logistics hub planned for Lelystad (Netherlands), which will complement and support the existing central logistics platforms in Spain.

In parallel, the Group continued to roll out its used clothing collection programme in collaboration with a number of international NGOs. This programme is already fully operational in 532 stores in seven countries (Spain, Portugal, the UK, Ireland, Netherlands, Denmark and China). Planning is in progress for implementation of the scheme in another 25 countries, with pilot tests underway in some of these, including Sweden (one store in Stockholm) and Austria (one store in Vienna).

The company held its Annual General Meeting on 18 July, at which its chairman Pablo Isla provided Inditex´s shareholders with a detailed update on its growth in 2016 and the progress made on the 2016-2020 Environmental Plan presented the year before, while also announcing the expansion of the Join Life initiative – collections that stand out for their sustainable dimension – across the Group´s brands.

Progress also continued on the paperless scheme to eliminate paper tickets in online purchases, which is already a reality for online purchases in 39 markets and all purchases made in store in Spain – market in which shoppers can pay using their mobile handsets via any of the brands´ individual apps or the InWallet app, also available for Zara in the UK.

Expansion and upgrading of the sales areal

During the first six months of the year, all of the Inditex´s brands moved forward with the Group strategy of expanding, perfecting and refreshing the integrated offline-online store model. They opened flagship stores in all key geographies. Each concept also moved ahead with the strategy of continually upgrading their online and offline store images.

Notably, Zara opened an iconic flagship store in Mumbai (India) during the second quarter with a sales floor of 4,800 square metres. For the inauguration of its first street-level store in India, Zara carried out a comprehensive refurbishment and restored the emblematic Ismail Building in Hutatma Chowk Square, in the heart of the city´s shopping and historic districts.

Zara also opened other high-profile stores in the period, including the flagship store on Castellana 79, located in one of Madrid´s (Spain) busiest shopping hubs. The store, which stretches 6,000 square metres over four storeys, has obtained LEED Gold certification for its innovative eco-efficiency measures which translate into water and energy savings of 45% and 20%, respectively. Similarly during the first half, Zara opened its doors in the emblematic Silk Way shopping centre in Astana (Kazakhstan).

Pull&Bear, meanwhile, opened its first flagship store in Paris (France) in May, on Rue de Rivoli. Just a short walk from the Louvre Museum, Notre-Dame Cathedral or Pompidou Centre, the store stands out for its neoclassic façade, which during the first few days after the inauguration featured decorations specially designed for the occasion by US artist Andi Rementer.

Bershka also relocated its central Paris flagship store to Rue de Rivoli, occupying a larger space spread over two floors in which it has rolled out its Stage store image and concept.

In June, all the Group´s brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe) opened stores in the Puerto Cancún shopping centre in Quintana Roo (Mexico).

In July, Oysho opened its first flagship store in Geneva (Switzerland) in the central Place du Molard, a 330-square metre, single-storey store. The brand opted for a street-level establishment, maintaining the building´s original façade, the hallmarks of which are the colour white.

The Inditex Group´s underwear and gymwear brand was behind one of the Group´s most high-profile openings in the period, namely a 730-square metre, two-storey store on Via Roma, in Turin (Italy).

Zara Home opened a flagship store on West Nanjing Road in Shanghai (China) in May, as well as opening other important stores, including on Bahnhofstrasse in Zurich (Switzerland) and Kärntner Strasse in Vienna (Austria).

Massimo Dutti opened a new store on Kuznetsky Most, a two-storey building in the heart of Moscow (Russia), while Uterqüe opened a new flagship store on Paseo de Gracia de Barcelona (Spain), one of the world´s busiest shopping streets. With the second half already underway, Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home opened stores in the Dana Mall shopping centre in Minsk, marking the Group´s début in Belarus. Zara has made its entrance with a 4,000-square metre store, while the Pull&Bear and Massimo Dutti stores boast sales areas of 1,000 square metres each.

Pablo Isla visited the new stores and heard first-hand from the local teams how well Belarus shoppers were taking to the Group´s fashion propositions.

Zara and Zara Home, meanwhile, both opened stores in the Blue Mall shopping centre in Punta Cana (Dominican Republic).

The first half was particularly busy in terms of flagship renovations and expansions. A good example is the Zara Opera store, which increased its sales floor to 4,000 square metres on Boulevard des Capucines and Rue de Halevy, opposite the Garnier Opera House in Paris (France).p>

Stradivarius, meanwhile, reopened the doors of its 900-square metre flagship store on Portal de l´Ángel in Barcelona (Spain), having been comprehensively refurbished, and its renovated three-storey store in Ermou (Greece).

The city of A Coruña (Spain) also saw a number of stores being refurbished and reopened: In June, Bershka and Pull&Bear reopened in Plaza de Lugo, introducing their latest store images, and at the end of August, Stradivarius reopened its store in the same square.

Also in August, Zara White City, further expanded its sales space and reopened in London (UK), as did the renovated and expanded Zara flagship store in Nagoya (Japan), in the wake of a comprehensive refurbishment led by the brand´s architectural experts. This store, which stretches 2,300 square metres, is spread out over three floors and is known for its impressive glass façade.

In September, at the start of the second half, other landmark stores reopened, including Bershka´s biggest store in Japan at 690 square metres over four floors, in Tokyo´s Shibuya district. It will offer the complete collections from its three lines: Bershka, BSK and Man.

Zara reopened its store in the Marineda shopping centre in A Coruña (Spain), which has been refurbished and expanded to 4,000 square metres. This store has been fitted with the new www.zara.com pick-up point, which allows customers to directly collect their orders placed online through a fast and simple process. This experience is being trialled as a potential next milestone in the Inditex Group´s fully integrated offline-online store model.

The Group continued to expand this seamlessly integrated model across markets. Having entered four new markets in the first quarter of the year (Malaysia, Singapore, Thailand and Vietnam), www.zara.com is getting ready for launch in India on 4 October. Meanwhile, Oysho inaugurated its online platform in South Korea with Bershka also going live in Japan.

Commercial initiatives

It is also worth highlighting several commercial initiatives undertaken by the Group´s various brands during the reporting period. Zara unveiled a new project on its website called Shape the Invisible, an initiative undertaken in collaboration with renowned fashion schools: the Royal Academy of Antwerp, Parsons School of New York, EnsAS of Paris and Kingston University of London. The project consists of 60 garments created by up-andcoming designers from these schools, developed from past-season Zara collections.

Massimo Dutti, meanwhile, celebrated the Massimo Dutti International Show-Jumping Competition in Paris (France) as part of the Longines Global Champions Tour – Paris Eiffel Jumping, extending the brand´s close involvement with the world of horse-riding.

On 22 July, the international Oysho Yoga Tour descended on Moscow. The event took place at an emblematic location, the O2 Lounge, with spectacular views over the Red Square and the Kremlin. Moscow was the fourth stop on the Oysho Yoga Tour in 2017, after Paris, Istanbul and Tunisia.

This summer the underwear and gymwear chain also celebrated Oysho Surf´s Up, an initiative that combines surf and fitness, in line with its promotion of sports and healthy living. This initiative took place in Barcelona, Lisbon, Paris and Athens.

Automated in-store collection of online orders

The Zara store in Marineda in A Coruña (Spain) took a fresh step forward in the integration of the Group´s offline and online stores by introducing an automated order delivery point where shoppers can pick up orders placed online at their convenience.

The prototype is articulated around an optical barcode reader which scans the QR code or accepts the PIN codes received by customers when they place orders online.

In just a few seconds, the system delivers the order to a mailbox platform. Behind the platform, a dynamic robot moves through a shaft 8m tall by 2.5m wide with capacity to handle 700 packages simultaneously, as you can see here.

Pull&Bear this year became the main sponsor of the Pull&Bear Pantín Classic Galicia Pro, Spain´s most prominent surfi ng competition, which takes place in early September. Pull&Bear developed a special collection for young men and women which went on sale exclusively in the pop-up store placed on the Galician beach of Pantín from the end of August and on the brand´s online platform (www.pullandbear.com).

Pull&Bear´s sustainability commitment was clearly on display at this event: the Pantín Eco Surf initiative gave new life to the waste generated during the championship. A network of Pull&Bear eco-points for the collection and sorting of waste was installed along the beach and in its vicinity. The materials recovered were treated by certifi ed handlers who were tasked with generating new materials such as recycled fi bres from the waste.

These initiatives are part of the brand´s Circular Economy policy which also crystallised in the new Join Life collections and Massimo Dutti has joined Zara and Oysho in this sustainable clothing initiative. The idea behind the Join Life label is to distinguish the garments that stand out for the use of best textile processes in terms of environmental and sustainability aspects, either by using recycled materials or water- or energy-saving processes.

Giving back to the community

Inditex was recently named the most sustainable company in the retail industry for the second year in a row by the Dow Jones Sustainability Index (DJSI).

The company scored a total of 78 out of 100 points, putting it well head of the industry average of 30. Specifically, Inditex obtained the highest scores in the retail sector in the following categories: Supply Chain Management; Strategy for Emerging Markets; Environmental Management Policy and Systems; Contribution to Society and Philanthropy; and Human Rights.

The ranking, which is published by the S&P Dow Jones Indices and the sustainability investing specialist RobecoSam, commended Inditex for its leadership and efforts to “proactively address one of the [retail] industry´s most controversial issues: human rights”. “As a result, Inditex has managed to establish best-in class human rights policies, due diligence processes and comprehensive risk assessments”, notes the report, as well as highlighting the fact that its “approach to public disclosure on these topics continues to exceed the industry standard.”

As for its environmental record, the assessment underscores the reduction in water and energy consumption, “in line with its strong corporate environmental policy and the company´s eco-efficiency goals for 2020”. It also highlighted the “strong emphasis” being placed by the company on waste reduction with its Closing the Loop programme, bringing Inditex closer to its “ambitious goal to eliminate all waste from its own activities by 2020”.

for&from projects

Turning to some of the Group´s community work during the first half it is worth highlighting the inauguration of two new for&from establishments, stores which employ people with physical, psychological or learning disabilities. The store openings in Leganés and Llagostera (Spain) bring the initiative´s total store count to 13.

More specifically, Tempe opened its first for&from store in Madrid (Spain) during the first quarter, in the Sambil Outlet Madrid shopping centre, in collaboration with Prodis. Oysho, meanwhile, opened its second for&from store in the Catalan town of Llagostera (Spain), in collaboration with Moltacte.

As a result of these two openings, Inditex now has 13 for&from stores, which employ 150 people and are operated in collaboration with expert NGOs.

The Red Cross

Inditex donated 411,982 garments to the Red Cross in Spain to help combat poverty and social exclusion. The contribution was split into several donations. The donation, is worth €1.6 million and included shoes, accesories and garments from the women´s, men´s and kids collections. The organization´s staff take charge of giving the donated clothes to the people in Spain who are particularly vulnerable and needy people.

2H17 trading update

Between 1 August and 17 September 2017, sales in local currencies in stores and online have grown 12%..

As ratified at the Annual General Meeting held on 18 July, the Company will pay an final ordinary and bonus dividend totalling €0.34 per share (before tax) on 2 November 2017, thereby completing the €0.68 per share dividend declared against 2016 earnings.

Contact:

Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

Source: Inditex

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Inditex Group: Massimo Dutti opens its new flagship store in Barcelona

Inditex Group: Massimo Dutti opens its new flagship store in Barcelona
Inditex Group: Massimo Dutti opens its new flagship store in Barcelona

 

Arteixo, Spain, 2016-Nov-02 — /EPR Retail News/ — This Friday, 28 October, Massimo Dutti will inaugurate its new flagship store in Barcelona, which is housed in an architectural jewel of Catalan Modernism from the end of the 19th century, the Casa Ramón Casas. The Inditex Group has carried out significant renovation and refurbishment works to this iconic building to enhance its uniqueness and splendour.

The new store, located at Paseo de Gracia no. 96, in one of the world’s most important retail areas, boasts more than 2,000 m² of retail space where Massimo Dutti will display its Women, Men, Boys&Girls, Personal Tailoring and Limited Edition collections. All of the collections are showcased in an impressive space where innovative architectural and decorative elements are combined with the original features of the building, which have been restored and refurbished to the benefit of the city of Barcelona. What’s more, since the brand is always at the cutting-edge of where fashion and technology meet, Massimo Dutti has implemented a series of activities with the aim of offering new purchasing experiences based on innovation, adaptation to customers’ new needs, and the implementation of the latest energy-saving advances.

Following an exhaustive refurbishment process carried out by Massimo Dutti’s architecture studio along with technicians from Barcelona’s Historical Heritage and Parks and Gardens authorities, Casa Ramón Casas (also known as Casas-Carbó), has recovered the modernist essence that the architect Antoni Rovira i Rabassa imagined in his building designs in the year 1898, commissioned by the painter Ramón Casas. A powerful original architecture and interior decoration have recovered their former glory in this renovated building, which has always been linked to the world of art and fashion.

Apart from being the artist’s place of residence and work during the first half of the 20th century, as of the 1950s the building housed the workshop of the Catalan haute couture designer, Asunción Bastida, and the iconic designer gift shop of Enrique Levi and Hugo Vinçon.

Restoration project

The restoration project carried out by Massimo Dutti was based on rigorous research and historical documentation in order to get to know the original layout of the building, the materials used and the distribution of ornamental features. Access via the main door on the ground floor allows visitors to appreciate how features such as the original ceiling and other ornamental details that in the past made this building a light-filled, harmonious space have been recuperated. Some of the artistic details of this part of the building include an old interior patio that allows the natural light to flood in, and the restoration of Ramón Casas’ artist’s studio.

On the first floor, the restoration process placed a special emphasis on work to restore reliefs and plaster corbels, the stripping of wooden surfaces, and cleaning and improvements to the coffered ceilings typical of modernist decoration. In particular, significant restoration work was carried out to the majestic chimneypiece designed by Josep Pascó i Mensa, the flooring, and coffered ceilings (for further information see appendix).

In the interior patio, an exquisite example of Catalan modernist architecture, the restoration work has respected the charm of this Mediterranean oasis with a landscaping project from the British landscape architects, Harry and David Rich.

Eco-efficiency: a brand commitment

The new store is in line with the Inditex Group’s most advanced concepts of sustainability, principles that have been followed both in the restoration project and in the store’s commercial operations. Electricity consumption has been reduced by some 30% and water consumption by 40% in comparison with conventional stores. The eco-efficiency measures implemented include a store lighting system that optimizes the lighting of the furnishings, and the exclusive use of LED bulbs. The lighting system also enables partial lighting of store spaces depending on the time of day and tasks to be carried out, as well as automatic activation when a presence is detected in internal working areas.

Optimal air conditioning and ventilation are achieved using thermal insulation, and a ventilation control that varies according to space occupation, calculated using CO2 measurements. The equipment installed employs inverter technology capable of regulating itself depending on the demand for heating or cooling, adapting at all times to consumption needs. The air curtain is controlled by probe and allows three working levels depending on the air temperature on the premises. Finally, control and monitoring devices allow instant distance readings of consumption levels, making it possible to detect and correct any anomaly affecting the use of the facilities and their consumption.

The building also engages in efficient water usage, and interior spaces are planned for the recycling of materials.

Advanced technology

Technology at the service of customers. The explosion of 3.0 technology including social networks and mobile services has led to the appearance of new, omni-channel trends that serve to connect the virtual and online world with brick-and-mortar stores, making the point of sale a space where emotions can take flight.

Always at the cutting-edge of where fashion and technology meet, Massimo Dutti has implemented a series of activities with the aim of offering new purchasing experiences based on innovation and adaptation to customers’ new needs. These activities include:

Dynamic marketing screens. These allow the continual publication and broadcast of the brand’s own contents, reflecting its physical and aspirational world.

Personal Shopper Fitting Room. This fitting room is designed especially for the brand’s Personal Shopper Service, available in store. In this space, customers will be able to view the garments they have selected in high-definition before trying them on, as well as select complementary items to complete a full look suitable for any occasion.

Interactive fitting rooms. This is one of the brand’s most revolutionary technological projects. Before customers go into the fitting rooms to try on clothing, garments are scanned and appear automatically on the fitting room screen. Using the touch screens located in fitting rooms, customers can consult information on the garments they have chosen or request a different size from the fitting room itself.

This system also has an innovative feature that proposes complementary or similar items to the customer using Visual Search Technology.

Buyable windows. This pioneering initiative from Massimo Dutti allows customers to buy the items displayed in the stores’ shop windows via the Massimo Dutti app for iOS. No matter what time of day it is, if a customer likes what they see in a store window they will be able to buy it. By connecting to the brand’s app and using geolocation, customers can view a screen featuring all the products on display in store windows at the moment, with the possibility of purchasing them immediately and picking them up at the most convenient point of sale at the time that best suits them.

Easy Checkout. In response to the Inditex Group’s desire to offer new alternatives to its customers to make their shopping trips easier, the company has created a new kind of quick checkout that allows customers to check out and pay for their purchases themselves. Located near to the fitting rooms, this new payment system speeds up the payment process using touch screens, tag removal devices and pin pads.

Free Wi-Fi for customers and staff. Advances in technology offer many chances to make the customer experience in both brick-and-mortar and online stores into something unique. Massimo Dutti reflects these advances, offering the possibility of enjoying free Wi-Fi to customers and staff alike. Thanks to this new free connectivity in store, customers will be able to enjoy an interactive experience using the new version of Massimo Dutti’s app, which includes a whole range of updates.

Mobile checkout. This service offers customers the chance to pay for premium services via mobile device, making its easier for customers to pay without having to go to the till area.

Mobile wallet payment. Massimo Dutti’s new online store app includes the innovative new mobile wallet payment service. Available for iOS devices, it allows users to buy products directly from their mobile using any card previously registered with the app. Customers will merely have to display a QR code generated by the app itself in order to make payment in a secure way. The mobile wallet also allows users to save a digital version of all of their receipts on their device.

Fashion and art

As part of its mission to recuperate the artistic essence of this building, Massimo Dutti has embarked on a collaboration with the Barcelona Side Gallery in order to offer installations by internationally renowned artists on the premises. On the occasion of the inauguration of this store, the sculptor laurent martin “Lo” will be holding an art event in the store with three large-scale pieces made from bamboo that explore the aesthetic possibilities of a material not usually associated with the fine arts.

Massimo Dutti

Massimo Dutti was founded in 1985 in Spain as a men’s fashion brand. It launched its first womenswear collection in 1992, offering a variety of styles from the most casual to the most sophisticated and timeless pieces. Today, Massimo Dutti has some 770 stores in 73 countries in Europe, America and Asia.

The brand belongs to the Inditex Group, one of the world’s largest fashion distributors with more than 7,000 stores in 92 countries across the five continents. Apart from Massimo Dutti, Inditex operates another seven fashion brands: Zara, Pull&Bear, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe.

For any press request please contact with:

Communication and Corporate Affairs Division
Edificio Inditex
Avda. de la Diputación s/n
15143 – Arteixo
A Coruña – ESPAÑA

Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

Source: Inditex

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Stradivarius opened its biggest global flagship on London’s Oxford Street

The new flagship at 309 Oxford Street has a total area of 1,500 sqm (16,145 sqft) spread over three floors.

LONDON, 2016-Jun-08 — /EPR Retail News/ — Stradivarius, the young fashion and accessories brand of the Inditex group, has opened its biggest global flagship on London’s Oxford Street. The new store at 309 Oxford Street has a total area of 1,500 sqm (16,145 sqft) spread over three floors. The basement and first floor have opened to showcase the women and lifestyle collections and the first floor is scheduled to open in 2017 in time for Spring/Summer with the launch of Stradivarius’s first menswear offering.

An impressive glass façade allows natural light to permeate the store helping to connect it to the street outside. The atmosphere is one of industrial combined with natural aesthetics, with wood, textured fabric walls and strip lights. The original interior brick walls have been exposed and preserved to create a vintage feel and showcase the #stradivariuslondon hashtag.

The new opening builds on the success of Stradivarius’s first UK store opened at Westfield Stratford in August 2014, as well as the launch of the brand’s UK ecommerce offering in September 2013 through www.stradivarius.com. The website allows simple browsing and provides inspiration by showcasing the brand’s Campaigns and Lookbooks which can be shared through social networks.

About Stradivarius
Stradivarius is one of the eight brands that make up Inditex Group. It designs thousands of feminine and creative garments and accessories in Spain which are distributed exclusively in its stores worldwide, especially targeting women between 20 and 35 years old. Including the new store at 309 Oxford Street, the brand has 960 stores in 64 countries.

About Inditex
Inditex is a fashion retail group with eight commercial brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe) and over 7,000 stores worldwide. The Group’s brands remained focused on listening closely to customers to offer them the fashions they desire. The customer promise is also the driving force behind the integration of our sustainable and environmental policies used throughout the Group’s supply chain.

For any press request please contact with:

Communication and Corporate Affairs Division
Edificio Inditex

Avda. de la Diputación s/n
15143 – Arteixo
A Coruña – ESPAÑA

Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

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Stradivarius opened its biggest global flagship on London's Oxford Street

Stradivarius opened its biggest global flagship on London’s Oxford Street

Stradivarius opens its first physical store in Amsterdam

Amsterdam, The Netherlands, 2016-Mar-25 — /EPR Retail News/ — Stradivarius, one of the Inditex Group’s young fashion concepts, will open tomorrow its first physical store in Amsterdam (The Netherlands). The new store, located in the Kalvestraat 42, has over 1300 square meters, divided in two floors. The glass façade makes the store very luminous and creates a pleasant atmosphere to enjoy a unique shopping experience with new products instore every week.

The brand opened its online store in The Netherlands on September 2013, with an easy website navigation and inspiration resources such as Campaigns and Lookbooks to give customers a wide-ranging look at the full range of fashion offered by the retailer, and content that can also be shared across different social networks.

62 markets in the world

Stradivarius was set up in 1994 and its headquarters are located in Sallent (Barcelona), where its products are distributed twice a week to 950 stores across 62 markets.

Stradivarius opened its first e-stores in 2011 in several European markets. It currently offers Internet shopping in 19 European markets, plus Mexico. By April, Stradivarius will sale online in the 28 markets of European Union.

‘Feminine fashion trends made with love’

Stradivarius, defined as ‘feminine fashion trends made with love’, is well known for its denim garments and romantic collections. Stradivarius’ name and treble clef celebrate our unique take on style, inviting young women all over the world to discover the melody, energy and excitement of the fashion brand that moves to its own tune.

Every season, Stradivarius proposes a new fashion and accessories collection with all the must-haves to create the perfect closet for trendy, dreamer and fashionable young women.

Contact for media

For any press request please contact with:

Communication and Corporate Affairs Division
Edificio Inditex

Avda. de la Diputación s/n
15143 – Arteixo
A Coruña – ESPAÑA

Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

###

Stradivarius opens its first physical store in Amsterdam

Stradivarius opens its first physical store in Amsterdam

Inditex Group’s net sales increased to €14.74bn in the first nine months of FY2015; 16% up from a year earlier

  • Over the past 12 months, the Group has generated more than 13,000 new jobs worldwide, more than 3,000 of which were in Spain. It now has a total 146,478 employees
  • Over this period the company has been particularly active in Community investment by providing direct aid to refugees in Europe and support to organisations such as Médicines Sans Frontières, Every Mother Counts and, more recently, Water.org
  • As of 31 October the Group has 6,913 stores in 88 markets, 28 of which also have online sales platforms
  • Net profit over the first nine months of the year was up 20% to €2.020bn
  • Store and online sales in local currencies grew 15% between 1 November and 3 December 2015

Arteixo, Spain, 2015-12-14 — /EPR Retail News/ — Over the first nine months of FY2015 – 1 February to 31 October – Inditex Group’s net sales increased 16% from a year earlier to €14.74bn. In constant currency terms, sales growth was 15%, with solid growth in like-for-like store sales. Net profit was €2.02bn, up 20% over the same period the previous year.

This growth, coupled with the group’s investments, has enabled Inditex to generate 13,079 new jobs worldwide over the past 12 months, of which 3,291 were in Spain. As at 31 October 2015, the Group’s global workforce totalled 146,478 employees. Of note, all manufacturing, logistics, brand and subsidiary employees worldwide with more than two years’ service will benefit from a profit-share plan for 2015-2016. The Group will award these beneficiaries 10% of the year-on-year growth in profit attributable to the parent company.

Key figures (Q3 2015)
(€ billions) 9M 2015 9M 2014 YoY growth
Sales 14.744 12.709 16%
Gross Profit

    Gross margin

8.669

58.8%

7.491

58.9%

16%

 

EBITDA 3.328 2.825 18%
EBIT 2.583 2.161 20%
Net income 2.020 1.687 20%

 

Community Investments

The period has likewise been marked by a number of community investments, in line with the Group’s aim to support humanitarian aid, education and employment and social welfare.

With regards to humanitarian support, the Group has partnered with the Spanish Red Cross, UNHCR, Cáritas and Médicines Sans Frontiéres, to provide support to refugees fleeing the Syria conflict. From September to date, it has sent 450,000 items of warm clothing to refugees in regions bordering Syria via these organisations. In April, Inditex also provided emergency aid to Nepal via Caritas, the Red Cross and Oxfam, following the devastating earthquake.

In terms of education and employment, in Spain Inditex has opened its ninth store of the For&From project in Galicia – to support people with disabilities. It has continued to support Caritas to help unemployment in Spain by providing skills training.

Meanwhile, internationally it has launched the Salta programme in seven cities worldwide, to provide training and employment to young people at risk of social exclusion. This builds on from the initiative already present in Paris, Barcelona and Madrid. In October, Chairman Pablo Isla also signed an agreement with the China Youth Development Foundation to support the construction of educational centres in Chinese rural areas. Inditex has also signed a partnership agreement with Entreculturas Foundation to promote education between young refugees in Colombia, Venezuela and Ecuador.

In terms of social welfare investments, Inditex has also signed medium to long term partnership agreements with Every Mother Counts to provide essential healthcare to mothers in need in the US and worldwide. As well as Water.org to provide access to safe water and sanitation in developing areas, mainly in Bangladesh and Cambodia, which will directly improve the health conditions of more than 160,000 people in both countries.

International presence

The Group continues with the global expansion of its fully integrated store and online sales platform. Over the first nine months of 2015 it opened 230 stores in 48 markets.

In terms of online launches over the period, Zara extended its online presence to Taiwan, Hong Kong and Macao. Inditex also launched online operations in the southern hemisphere with the launch of Zarahome.com in Australia on 3 December. Zara Home also launched online in Japan. Over the period, Uterqüe also launched online in Sweden and Denmark; Zara Home in Japan, and Pull&Bear, Massimo Dutti, Stradivarius and Oysho in China.

Inditex opened physical stores in all geographical areas, which included highly relevant stores for all the brands. Europe saw a net increase of 109 stores over the period, the Americas 47, and Asia and the rest of the world 74 to bring the Group’s total number of stores to 6,913.

All of the Group’s brands increased the number of stores over the period. The most relevant openings to date include those of Zara in New York’s Financial District (222 Broadway), the first store in Hawaii, and a range of openings in Amsterdam (Netherlands), Stockholm (Sweden), Osaka (Japan), Beijing, Harbin and Hong Kong (China), Singapore, Brisbane (Australia) and Johannesburg (South Africa) along with several store enlargements and refurbishments such as Westfield London (United Kingdom) and Paseo del Born in Palma de Mallorca.

Of particular note among the brands include the opening of Massimo Dutti in Costa Mesa (California); Pull&Bear with its new flagship store in Madrid; Bershka, with its first store in Taiwan and its flagship store in Korea; and Stradivarius, with openings in all geographic areas from China, where it has opened stores in cities such as Chengdu and Harbin, to México, were it has opened in cities such as Coacalco, Culiacán and the Federal District. Oysho has opened stores for the first time in Korea and Sweden; Zara Home also opened its flagship in Sydney marking its 500th store worldwide, and Uterqüe also opened new stores in Mexico and in Russia.
As of 31 October the Group was present in 88 markets, with online operations in 28 of these.

The brands have also been particularly active in creative and commercial initiatives, the most notable of which is Massimo Dutti’s launch of Personal Tailoring, which incorporates new fabrics and cuts for the tailoring service offered by different international stores.

Elsewhere, Pull&Bear ran a creative campaign which combined music and fashion under the ‘Be More Barrio’ umbrella, which included exclusive music created by the Australian band Sheppard. Stradivarius continues to work on its upcoming men’s clothing line due to be launched in 2017 and continues with its The Event Paper campaign, most recently in Shanghai. Bershka has launched a campaign with photographs shot by Italy’s Luca Campri; Oysho continues developing its fitness line, accompanied by health events such as the women’s race and the yoga masterclass, which has taken place in Shanghai, Milan, Barcelona and Madrid. Zara Home has introduced the Flora, Nordic and Luxor campaigns; while Uterqüe successfully presented The Cocktail Collection and Forever Chic initiatives.

Introduction of the RFID systems

RFID technology is currently in place in 1,417 stores across 64 countries, having been fully rolled out in 47 countries. By the end of FY2015, 53 countries will have the technology fully in place.

Fourth quarter FY15 trading update

Store and online sales in local currencies grew 15%over the period between 1 November and 3 of December 2015

Global online sales platform

(as of 03/12/2015: in bold the online stores that went live in 2015)

Australia Zara Home
Austria Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Belgium Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Canada Zara, Massimo Dutti, Zara Home
China Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho
Denmark Zara, Pull&Bear, Massimo Dutti, Zara Home, Uterqüe
Finland Zara Home
France Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Germany Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Greece Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Ireland Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Zara Home, Uterqüe
Italy Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
Japan Zara, Zara Home
Luxembourg Zara, Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Zara Home, Uterqüe
Mexico Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
Monaco Zara, Pull&Bear, Masimo Dutti, Zara Home, Uterqüe
Netherlands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Norway Zara, Massimo Dutti, Zara Home
Poland Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
Portugal Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Romania Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius
Russia Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
South Korea Zara
Spain Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Sweden Zara, Pull&Bear, Massimo Dutti, Oysho, Zara Home, Uterqüe
Switzerland Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Taiwan Zara
United Kingdom Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
United States Zara, Massimo Dutti, Zara Home

SOURCE: Inditex

Inditex Group’s Pull&Bear opens its new flagship store in Madrid’s Salamanca neighbourhood

MADRID, SPAIN, 2015-11-27 — /EPR Retail News/ — With over 1,000 square metres of retail space, the point of sale is the biggest among more than 920 owned by the brand worldwide.

Inditex Group’s young fashion brand Pull&Bear presents a revamped image with the opening of its new flagship store in Madrid’s Salamanca neighbourhood, the city’s most prestigious and popular shopping district. The new space is the largest retail space of the brand’s more than 920 worldwide stores.

The new store is located at 14 Calle Hermosilla, just steps from Calle Serrano, and boasts over 1,000 square metres of retail space, thus becoming the brand’s largest store to date. The ground floor features a large space devoted entirely to the women’s collections. A set of stairs leads to the lower floor, where shoppers can find the men’s collections displayed around a cosy central lounge.

This store opening reinforces Pull&Bear’s commercial presence in Madrid, the city where the brand first started in 1991. The brand now runs 29 points of sale in the Madrid region, 15 of which are located in the city.

New image

The new image Pull&Bear presents in this flagship store is an evolution of the brand’s California concept and conserves some of its characteristic features, like the iconic surfer van and large LED display panels. The store’s new image features more powerful lighting, a lighter colour palette and simpler décor that turn the collections into the main focus.

Traditional Mediterranean textures like exposed brick, thermal clay and concrete blocks set in a pyramid design were brought in to add warmth to the space. The displays for the collections feature finishes pine, both natural and stained, and cork.

The space also features pillars with backlit fabric that enhances the feeling of openness, white marble floor tiles with black and yellow details, and parquet floors that combine different types of wood.

Following the perimeter of the roof, a metal framework with mirrors and fluorescent lighting complete the game, so that indirect light brings clarity and warmth, while direct spotlights focus attention on the store’s most important item: the garments.

For any press request please contact with:
Communication and Corporate Affairs Division
Edificio Inditex
Avda. de la Diputación s/n
15143 – Arteixo
A Coruña – ESPAÑA
Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

SOURCE: Inditex Group

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Inditex Group's Pull&Bear opens its new flagship store in Madrid's Salamanca neighbourhood

Inditex Group’s Pull&Bear opens its new flagship store in Madrid’s Salamanca neighbourhood

Inditex Group sales revenue rose by 8% in fiscal 2014; employees to participate in a special profit sharing plan in the next 2 years

Arteixo, Spain, 2015-3-19 — /EPR Retail News/ — The Group announces a special profit sharing plan under which employees will participate in earnings growth in the next two years

The profit sharing scheme will benefit all of the Group’s store, manufacturing, logistics, concepts and subsidiaries employees all over the world, so long as they have been working for Inditex for at least two years, which means some 70,000 beneficiaries in 54 markets

In 2014 the Group generated 8,741 new jobs worldwide, 1,800 of which in Spain. Inditex’s headcount totalled 137,054 at 31 January

  • Same-store sales growth was 5%; in the last five years growth in this key performance indicator stands at 23%
  • Net profit totalled €2.5 billion, year-on-year growth of 5%
  • In 2014 the company continued to invest in growth, spending €1.4 billion to process automation, store modernisation and adaptation of its logistics platforms to cater to new demand challenges
  • Over the course of the year Inditex opened 343 stores in 54 markets, bringing its network total to 6,683
  • Online sales operations were launched in South Korea and Mexico last year, lifting the Group’s e-commerce footprint to 27 markets. In 2015 Inditex plans to launch online sales in Taiwan, Hong Kong and Macao
  • Over half of the Group’s stores have already adopted the eco-efficient model which delivers average energy savings of 32% with respect to conventional stores
  • The Board of Directors will ask the company’s shareholders to approve a €0.52 per share dividend, year-on-year growth of 7.5%, at the upcoming Annual General Meeting
  • Store sales increased by 13% in constant-currency terms between 1 February and 14 March 2015

Inditex Group sales revenue rose by 8% in fiscal 2014 (1 February 2014 – 31 January 2015) to €18.12 billion. Net sales in local currencies increased by 11% in FY14. Same-store sales growth was 5%, implying like-for-like store sales growth in the last five years of 23%.
Net profit came to €2.5 billion, growth of 5% from 2013, while EBITDA rose 5% to €4.1 billion.

Key figures
(Billion Euros) 2014 2013 14/13
Net sales 18,117 16,724 8%
Gross Profit    Gross margin 10,56958.3% 9,92359.3% 7%
EBITDA 4,103 3,926 5%
EBIT 3,198 3,071 4%
Net profit 2,501 2,377 5%
Other performance indicators
Number of stores      Net openings 6,683343
Number of markets 88
Employees 137,054

In 2014, the Inditex Group created 8,741 new jobs and its headcount went from 128,313 to 137,054. Of these, over 1,800 were created in Spain, between its sales network, central headquarters and logistics platforms, in order to support the Group’s global growth.

Special profit-sharing plan. In view of the performance of the Group over recent years, a special profit sharing plan has been approved under which employees will participate in Inditex’s earnings growth in 2015-2016. All employees at stores, manufacturing, logistics, concepts and subsidiaries around the world who have been with the Group for more than two years will be eligible. The Group will award these beneficiaries 10% of the year-on-year growth in consolidated profit attributable to the controlling company up to a cap of 2% of total profit. The beneficiaries number around 70,000 people in 54 markets.
The scheme will run for two years. Part one will be collected in 2016 on the basis of year-on-year growth in Group net profit in 2015. Part two will be collected in 2017, following the same criteria. The plan will accrue in 2015 and 2016.

Capital expenditure. Capital expenditure totalled €1.4 billion in 2014 for the automation of processes and modernisation of the Group’s facilities in Spain. Some of the most noteworthy investments include the start-up of Inditex’s new logistics platform in Cabanillas (Guadalajara, Spain), generating almost 300 new jobs, and culmination of the expansion work at the Arteixo head office complex with the opening of the new Technology Centre. This centre, which is equipped with world-class technology, has been certified under the highest IT security and environmental sustainability standards.

The bulk of capital expenditure continues to be earmarked to new store openings and the refurbishment and expansion of existing establishments. Here it is worth underscoring the one-off investment made to purchase a building in New York’s SoHo which will house a new flagship Zara store.

New store openings. Inditex ended 2014 with 343 more stores that at year-end 2013 for a total network of 6,683 establishments in 88 markets, having entered the Albanian market during the year. In total it opened new establishments in 54 markets worldwide. Some of the most noteworthy openings included flagship Zara stores in Zurich (Bahnhofstrasse), Miami (Lincoln Road), Madrid (Serrano), Krakow (Rynek Glowny), Hong Kong (Queens Road) and Shanghai (East Nanjing Road) to bring its total number of stores in China to over 500 across 60 cities.

The Group’s other chains also opened high-profile stores such as the Pull&Bear stores in Milan (Vittorio Emanuelle II) and Amsterdam (Kalverstraat); the Massimo Dutti stores in Vienna (Kholmarkt) and Palma de Mallorca (Born); the Bershka store in Turin (Via Roma); the Uterqüe store in Madrid’s airport; the Stradivarius store in Osaka (Shinsaibashi); the new image Uterqüe store in Barcelona’s airport; the Oysho store in Barcelona (Pelai); and the Zara Home flagship in London (Kensington High Street). In 2015, Zara Home has opened its debut stores in Australia, making it the second Group chain to boast a presence in this region.

New stores planned for this year include prominent openings on Oxford St. 61 (London), in Plaza Cataluña (Barcelona) and a number of openings in various US cities, including three in New York: one on Fifth Avenue and 42nd street, inaugurated last week, another in the new World Trade Centre, in the heart of the New York’s financial district, and a third in SoHo, in a building recently acquired by the Group.

Also in 2014, the Group rolled out online stores for the chains with a presence in South Korea and Mexico and is planning to add Taiwan, Hong Kong and Macau to the e-commerce platform in 2015 (see Appendix).

Dividend. Inditex’s Board of Directors will ask the company’s shareholders to approve a €0.52 per share dividend, marking year-on-year growth of 7.5%, at its Annual General Meeting in July. A dividend of €0.26 per share will be paid out in the interim on 4 May 2015, and the remaining €0.26 per share would be paid out, if approved, on 3 November 2015 in the form of a final and special dividend.

2015 update. Store sales in constant currency terms rose by 13% between 1 February and 14 March 2015.

AppendixGlobal online sales platform

(in bold the online stores that went live in 2014)

Austria Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Belgium Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Canada Zara, Massimo Dutti, Zara Home
China Zara, Pull&Bear, Massimo Dutti, Bershka
Denmark Zara, Pull&Bear, Massimo Dutti, Zara Home
Finland Zara Home
France Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Germany Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Greece Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Ireland Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Zara Home,Uterqüe
Italy Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
Japan Zara
Luxembourg Zara, Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Zara Home, Uterqüe
Mexico Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
Monaco Zara, Pull&Bear, Masimo Dutti, Zara Home, Uterqüe
Netherlands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Norway Zara, Massimo Dutti, Zara Home
Poland Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
Portugal Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Romania Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius
Russia Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
South Korea Zara
Spain Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Sweden Zara, Pull&Bear, Massimo Dutti, Oysho, Zara Home
Switzerland Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Zara Home, Uterqüe
United Kingdom Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
United States Zara, Massimo Dutti, Zara Home

For any press request please contact with:
Communication and Corporate Affairs Division
Edificio Inditex
Avda. de la Diputación s/n
15143 – Arteixo
A Coruña – ESPAÑA
Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com