UK arm lifts sales
Revenue at Inditex Group, which includes fashion chain Zara, leapt 19 per cent to
Eu2.04 billion (£1.37 billion) in its first quarter, with its UK arm understood to have helped lift sales.
Net income surged 33 per cent Eu200 million (£134.8 million) for the period to April 30. EBIT and EBITDA soared 27 per cent and 31 per cent respectively.
The group, which owns chains including Massimo Dutti, Pull and Bear and Bershka, opened 114 stores worldwide across its eight brands during the quarter. It now operates 3,245 outlets and has revealed plans for further expansion. It is aiming to open between 440 and 520 stores worldwide during the financial year.
In addition, Zara plans to launch a maternity line in the autumn/winter season.
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