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Inditex (Zara) increases net profit in fiscal 2007 by 25%

The business performance of Spanish SPA group Inditex, which includes Zara, in 2007 was favorable. Its sales reached 9,435 million euros, 15% up on the previous year and the net profit was 1,250 million euros, 25% increase owing to both the weak dollar and cost reductions.

The company is promoting two brands, "Bershka", which targets fashion-conscious young people, and "Massimo Dutti", which gives an upmarket feel and the range of new stores for this year is between 560 and 640, including the launch of a new retail outlet specializing in accessories, named "Uterque". The company has suggested it will be continuing with cost reductions as well as revising its marketing strategy in Asia.


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