Press releases
Inditex Annual General Meeting of Shareholders
Shareholders at the Annual General Meeting approved the 2009 financial statements and the distribution of €748 million in dividends, 14% more than last year.
The 2009 earnings performance reflects satisfactory sales growth and the continued progress in the Group’s international expansion, with 98% of all new stores opened outside Spain.
At his presentation at the AGM, Inditex’s Deputy Chairman and CEO, Pablo Isla, highlighted the achievements under the Strategic Environmental Plan 2007-2010 and unveiled the new ‘Sustainable Inditex, 2011-2015’ Program.
Wrapping up his presentation, Pablo Isla underscored confidence in the Inditex business model and its clear strategic focus on international expansion, currently targeted at European and Asian markets.
Inditex’s Deputy Chairman confirmed that online shopping at Zara would go live this September, and also announced the Group’s entry into two new markets in 2011: Australia and South Africa.
Inditex’s net sales reached 2,665 million euros in the first quarter of 2010
* Store sales in local currencies increased by 13% between 1 February and 7 June
* At the end of the first quarter, the Group had more than 4,700 stores in 76 countries
Inditex net sales totalled 2,665 million Euros in the first quarter (1 February to 30 April) of its fiscal year 2010, 14% higher than the same period a year earlier.
Inditex’s international expansion reaches a new milestone with the launch of the first Zara store in India
* A Zara in Mumbai and a second location in Delhi are set to open in coming weeks
Zara has launched its retail business in India with the opening of its first store in the capital, Delhi, in the Select CityWalk shopping centre. The Inditex Group fashion retailer in coming weeks will debut an establishment in Mumbai and a second outlet in Delhi, marking the first steps in Zara's expansion in the Indian market. The company plans to roll out more locations in the country's largest cities. Following Zara’s foray into India, Inditex retailers now sell fashion in 77 countries.
Uterqüe opens a flagship store in downtown Istanbul
Uterqüe today opens a flagship store on Istanbul's Tesvikiye Avenue, in the Nisantasi quarter, the most upscale shopping neighbourhood in one of Europe's largest cities. The new location consists of 125 m2 of retail space and features an eye-catching façade which ensures that Uterqüe stands out in one of the city's busiest areas. The establishment is the second store in Turkey for Inditex's newest retailer, following its first opening in February in Akmerkez, a prime shopping centre in Istanbul.
Inditex’s 2009 net sales rose to 11,084 million euros
• Net sales in local currencies climbed by 9% from FY2008
• Store sales outside of Spain accounted for 68% of the total
• The Group’s net income totalled 1,314 million euros, 5% higher than in 2008
• At the end of its fiscal year, Inditex had 4,607 stores in 74 countries, after opening 343 stores in 2009. The first Inditex stores in India are scheduled to launch in 2010
• The Board of Directors will propose to the General Shareholders Meeting a dividend of 748 million euros, or 1.20 euros per share, an increase of 14% on the previous year
• Store sales in local currencies have increased by 14% from February 1st to March 14th 2010
Inditex and Universidade da Coruña to collaborate in the promotion of Social Responsibility actions
* A collaboration agreement has been entered into by both, to be coordinated by UDC’s Consello Social
Mr Pablo Isla, First Deputy Chairman of Inditex, and Mr José María Barja, Vice-chancellor of the Universidade da Coruña (UDC), today subscribed a collaboration agreement to carry out activities aimed at implementing a model for University Social Responsibility, to be coordinated by Consello Social of UDC, a body which channels the participation of the society in the University.
Inditex signs an agreement with Cáritas and Entreculturas to launch its aid project in Haiti
Inditex has signed an agreement with the non-governmental organisations (NGOs) Entreculturas and Cáritas Española to launch its aid project for reconstruction in Haiti, an effort financed by Inditex’s donation of 2 million euros. The project focuses on supporting the most vulnerable groups of people in Haiti, both in the short term –and particularly—in the medium and long term, in the specific areas in which this assistance is most needed.
Inditex donates 2 million euros for relief and reconstruction in Haiti
Inditex will donate 2 million euros to relief and reconstruction programmes in Haiti following the earthquake which devastated the island country. This aid will be channelled through the leading international organisations working in the area -groups with which Inditex normally works as part of its social action programmes.