THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Zara owner hails strong full year performance

Zara owner Inditex has posted strong growth in full year sales and profit after it benefited from increased footfall in its stores. In 2022, sales rose… View Article

FASHION RETAIL NEWS UK

Zara owner hails strong full year performance

Zara owner Inditex has posted strong growth in full year sales and profit after it benefited from increased footfall in its stores.

In 2022, sales rose by 17.5% year-on-year to €32.6 billion with uplifts in all key geographical areas.

Meanwhile pre-tax profit rose by 28% to €5.4 billion and EBITDA by 20% to €8.6 billion.

Store sales were particularly buoyant, growing by 23%, despite there being 10% fewer shops and a 6% reduction in commercial space compared to 2021. Online sales edged up 4% to €7.8 billion.

Óscar García Maceiras, chief executive of Inditex, said: “The excellent results of 2022 show the strength of our business model and its ability to move towards the next level of development in which our fashion proposition, the experience of our customers, our commitment to sustainability and the talent of our teams will continue to be key.”

In addition to Zara, Inditex’s retail brands include Pull & Bear, Stradivarius, Massimo Dutti, Bershka and Oysho.

Subscribe For Retail News