Zara owner Inditex reports sales jump on Asian growth
Zara owner Inditex said sales rose 17pc to €9.42bn in the first half of the year, as the group stepped up its presence in Asia.
The Spanish clothing company, which is the largest fashion retailer in the world , launched online businesses in Hong Kong, Macau and Taiwan this year, to strengthen e-commerce sales in the fast-growing Asian economies.
The group, which also owns Pull & Bear, Bershka, and Massimo Dutti, added 94 new stores in the six months to the end of July, bringing total store count to 6,777.
While other high-street retailers struggle to keep pace with unseasonable weather, Inditex's "fast fashion" approach means it can respond quicker to consumer trends.
The Spanish clothing company, which is the largest fashion retailer in the world , launched online businesses in Hong Kong, Macau and Taiwan this year, to strengthen e-commerce sales in the fast-growing Asian economies.
The group, which also owns Pull & Bear, Bershka, and Massimo Dutti, added 94 new stores in the six months to the end of July, bringing total store count to 6,777.
While other high-street retailers struggle to keep pace with unseasonable weather, Inditex's "fast fashion" approach means it can respond quicker to consumer trends.