Inditex opens Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home in Minsk, Belarus

Inditex opens Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home in Minsk, Belarus

 

  • Pablo Isla met the new teams of Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home in Minsk

Arteixo, Spain, 2017-Aug-16 — /EPR Retail News/ — Inditex has opened its first stores in Belarus, reaching 94 markets with commercial presence. Inditex CEO, Pablo Isla, has visited the new stores and met the new Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home teams at the Dana Mall in Minsk, one of the most relevant shopping centres of the Belarusian capital.

Zara arrives to Minsk with a two-story store featuring more than 4,000 square metres of retail space bearing the latest store concept, based on four principles: beauty, clarity, functionality and sustainability.  The brand offers to its Belarussian customers the latest trends for women, men and kids, as part of its Fall–Winter collection.

Pull&Bear and Bershka also opened today their new stores with more than 1,000 square metres of commercial space respectively. Pull&Bear has unveiled in Belarus its latest image, with an interior design that reminds the Californian city of Palm Springs. In turn, Bershka includes in Minsk its new store concept entitled Stage, focusing on the world of music.

Stradivarius offers Belarussian customers its new women’s collection whilst, Oysho brings to Minsk its latest designs in terms of lingerie and sports clothing, with Zara Home launching the latest trends in decoration and home furnishing to this market.

Massimo Dutti is present with its latest collections for menswear, women and children, contained in a store measuring 750 square metres.

These new stores incorporate all of the elements of sustainability found in eco-efficient Inditex stores, which consume 30% less energy and half as much water compared with a conventional store. The Group’s aim is to ensure that all of its stores are eco-efficient by 2020. Currently, 71% of Inditex stores already respond to this commitment with the environment

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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Massimo Dutti in collaboration with non-profit organization Moltacte to open new for&from store in Igualada, Barcelona

Arteixo, Spain, 2016-Apr-17 — /EPR Retail News/ — With this new store Inditex’s social programme now boasts 10 establishments in seven cities.

Massimo Dutti is to open a new for&from store in Igualada, Barcelona, in collaboration with the non-profit organization Moltacte. The store will generate 15 employees, 10 of whom will have some kind of mental disorder. The opening of this new store is part of Inditex’s programme to promote the integration into society and employment of people with physical or mental disabilities. The programme already has a network of 10 stores in seven cities.

Massimo Dutti for&from Igualada sells products from previous seasons at reduced prices as a special franchise. Workers diagnosed with conditions receive ongoing training and psychological and professional support both from technicians working for Moltacte and its local partner, Taller Auria, which specialize in the development of social and employment rehabilitation programmes for people with mental disorders, and from Massimo Dutti sales teams.

The new Massimo Dutti for&from store will be located in the “Ca la Mamita” (Carrer de Custiol 9), one of the buildings with most historical and artistic value in Igualada. Built in 1905 by the modernist architect Isidre Gili i Moncunil, the building is notable for its round tower, the central feature of its facade, and the decorative floral motifs and forged iron balconies so typical of Catalan modernist style. Aware of the importance of this building, Massimo Dutti’s architectural team has carried out renovation work that respects and enhances its artistic value.

New project in Ferrol (A Coruña)
Inditex’s for&from programme began in Palafolls, Barcelona, in 2002 and currently generates 85 jobs for people with some kind of physical or mental disability in the 10 stores run by the project for different brands within the Group. During the second six months of this year, Pull&Bear will open a new store as part of this programme in Ferrol (A Coruña).

The for&from programme currently has six stores in Catalonia: three stores in Palafolls, Barcelona for Massimo Dutti, Bershka and Oysho; one Stradivarius store in Manresa, Barcelona; one in Llagostera, Girona for Massimo Dutti; and the new store in Igualada. There are also two stores in Ourense (Massimo Dutti and Tempe); another two Tempe stores in Elche, Alicante; and one store in Culleredo, A Coruña.

All of these stores are being managed by social organizations specializing in the integration of people with disabilities, such as Moltacte, Fundació Molí d’en Puigvert, the Galician Confederation of People with Disabilities (Confederación Galega de Persoas con Discapacidade, COGAMI) and the Alicante Association for People with Mental Disabilities (Asociación pro discapacitados psíquicos de Alicante, APSA).

Since its creation, the for&from programme has not only demonstrated its capacity to improve the quality of life of people with disabilities but also provides an important source of funding for collaborating social organizations. Once Inditex has made the initial donation to fund the construction of the store, the model becomes self-sustaining for the social organizations involved based on product sales. The for&from network of stores currently boasts annual sales of more than €5.3 million.

Moltacte
Moltacte is a non profit entity that was created in 2006 with the mission of achieving the integration into society and employment of people with mental disorders. To this end, it creates outlet stores that allow consumers to not only find fashion clothing and accessories at reduced prices but also contribute to a socially sustainable project that generates real, stable, quality employment for people with mental disorders.

This Massimo Dutti store in Igualada is the third commercial project involving Moltacte and Inditex. Their collaboration began in 2012 with the inauguration of a similar store for Stradivarius in Manresa, Barcelona, and another project for Massimo Dutti in Llagostera, Girona, in 2014.

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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Massimo Dutti in collaboration with non-profit organization Moltacte to open new for&from store in Igualada, Barcelona

Massimo Dutti in collaboration with non-profit organization Moltacte to open new for&from store in Igualada, Barcelona

 

Source: Inditex

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 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