Zara owner Inditex vows to ramp up e-commerce offering following financial report
Inditex has committed to accelerating its international expansion with the opening of 500 high street stores and ramping up its e-commerce offering.
The retailer, which owns brands including Zara, Massimo Dutti, and Bershka, today reported a like-for-like sales increase of three per cent and unchanged net profits of €3.8bn year on year.
The sales increase was negated because of adverse currency effects, to which Inditex is particularly susceptible due to its presence in 87 countries.
It has already launched a Zara website in Greece and is due to open Zara.com in Romania, South Korea and Mexico within the financial year, Read full story ›
Source: The Drum
