Inditex FY 2012 net sales up 16 percent

Inditex net sales in FY 2012 rose by 16 percent from 2011.

Net income rose 22 percent from a year earlier. In constant currency terms, net sales increased by 14 percent while like-for-like store sales rose by 6 percent in the same period. Ordinary investments in the period exceeded 1.4 billion euros (Rs 9,903 crores) and were devoted to renovating and upgrading stores, rolling out new projects in the logistics division and modernising the eight distribution centres currently in operation.

At the end of 2012 Inditex had 6,009 stores, 482 more than a year earlier. New stores were opened in 64 markets, including initial launches in Armenia, Bosnia-Herzegovina, Ecuador, Georgia and Macedonia.

Inditex corporate headquarters in Spain are being expanded by more than 70,000 square meters. The project may be completed by the second quarter of 2013. As of the end of 2012 Inditex offered an online platform in 22 countries in Europe, the Americas and Asia. Expansion milestones included the September launch of Zara's online store in China and the arrival of Massimo Dutti and Zara Home online shops in the United States. Additional launches are scheduled for 2013.