Zara was the chain of the group with more openings in the period with 16 new stores. Stradivarius opened 12 and Bershka and Oysho opened ten each.
Inditex keeps expanding its store network. For the second quarter in a row, all the chains of the group had store openings, except Uterqüe, which has kept the same stores, and Zara Kids, that closed one. In the lead, Zara, Stradivarius, Bershka and Oysho, with more than ten openings each.
The group has closed the third quarter with a commercial network of 7,486 stores, 66 more than the ones it had at the end of the first half. During the first nine months, the company opened stores in 41 of the 96 markets in which it is present. In 66 of them it also has online offer.
Zara was the chain with more openings in the third quarter, with sixteen new stores, reaching 2,139 stores worldwide. Also, the company continued to reform its commercial network with extensions such as its flagship store in Paseo de Gracia, in Barcelona, which was expanded under a complete refurbishment. The chain also expanded its store in the Dubai Mall which, like the one in Barcelona, now has more than 4,000 square meters and has the silo online order pick-up.
The company has continued its online expansion with the launch of Zara’s ecommerce platform in South Africa, Colombia, Philippines and Ukraine
Stradivarius followed with 12 new store openings reaching 1,011 points of sale at the end of the period. Oysho and Bershka, meanwhile, opened ten new stores each, to 1,111 stores and 677 stores, respectively. The rest of the chains, except Uterqüe and Zara Kids, have also continued to increase their commercial network, with eight new Zara Home stores, six more of Massimo Dutti and five more of Pull&Bear.
During the period, Oysho opened its first store in Singapore and Uterqüe opened a pop-up store in Convent Garden, London. After Zara, Bershka, Stradivarius and Pull&Bear, the young fashion chains of the group, are the ones with a wider network of stores, around one thousand stores each. Inditex has also continued to expand the For&From stores network with the opening of its first store outside of Spain, in Como (Italy).
At the same time, Inditex has continued with the roll out of its online store, in line with what was announced in previous quarters. In September and October, Zara launched its online store in South Africa, Colombia, Philippines and Ukraine.
Zara Home and Massimo Dutti, meanwhile, have launched their ecommerce platforms in the United Arab Emirates, Saudi Arabia, Lebanon and Morocco, while Stradivarius, Oysho and Uterqüe have landed online in the United States. All the brands have also a global online platform, which reaches more than 200 markets. In addition, the group has begun the integration of Zara and Zara Home in Zara’s online platform in London.
The Spanish group which publishes its annual results on March 18, ended the third quarter with a net profit rise of 14% year-on-year, to 1.2 billion euros (1.3 billion dollars). Excluding the impact of IFRS 16, the increase was 12%. In the third quarter, revenue rose by 9.7%.