Home Business-newBusiness Mexico, Inditex fifth most important market in 2017

Mexico, Inditex fifth most important market in 2017

by Yucatan Times
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The expansion and growth of the Spanish company Inditex has placed them on the spotlight within the commerce sector. In spite of the bad forecasts, the company that owns brands such as Zara, Uterqüe, Bershka and Pull & Bear, greatly exceeded its 2017 goals.

In a press release, the company stated that when it closed its fiscal year of 2017, it exceeded its turnover by 9% with a net result above 7% of sales. Inditex closed 2017 with 25.3 billion euro in sales. Also, the company said that the growth was not only physical but also online, because “the company’s sales grew by 41% through its online platforms, representing 10% of their total sales, and 12% of the online market.”

The leading fast-fashion company made clear that part of its expansion strategy is the opening of stores worldwide.

In 2017 alone, the company opened 183 new points of sale in different geographical regions. Also, the news site on fashion and trade, Modaes, said that Turkey was one of the key countries for the opening of establishments for Inditex, with 35 stores opened last year. Mexico comes second with 32 and Italy third with 19.

With a total of 392 sale points in Mexico, our country is positioned as the fifth most important market for Inditex.  Italy has 396 stores in operation, Russia 549, China 638 and of course Spain features 1,688.

In 2017, the Inditex Group launched 32 establishments in the national territory and it is still waiting for new openings this year to add to the 7,475 stores registered worldwide.

Source: eluniversal.com.mx

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