Inditex, which owns retail major Zara, has reported like-for-like sales growth of 2%, as against 7% in the first half of 2012. Its net profit amounted €951m, up by 1% year-over-year in the first half of 2013.
During the period, Inditex opened 95 stores in 40 markets, bringing the total of stores in 86 markets across all five continents, to 6,104.
The group also witnessed strong growth across Asia, with the openings of new stores in Osaka (Japan), Singapore, and Shanghai.
In addition, Zara refurbished and enlarged some of its key flagship stores around the world in cities such as Tokyo, Berlin, Prague, Stockholm, Beijing and Seoul, including the stores located on Madrid’s Gran Vía, London’s Brompton Road and Paris’s Champs Elysees.
For the remaining 2013, Inditex plans to open its Zara Home flagship store in Swedish market this month, the Massimo Dutti establishment planned for Rue de la Paix in Paris; and the debut of Zara stores in the cities of Seattle (US) and Port Elisabeth (South Africa).
Zara Home is also planning to open prominent stores in Paris (Champs Elysees) and Barcelona (Paseo de Gracia) before year-end.
Inditex is a designer, manufacturer, retailer and distributor of fashion clothing and accessories. It operates through eight banners: Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterque.