Spain-based apparel giant Industria de Diseño Textil, S.A., better known as Inditex (ITX.MC), announced strong sales and earnings gains for the fiscal year ended Jan. 31, 2015 helped by a recovery in key European markets and aggressive expansion of its physical and online footprint. Shares in the company rose by 3.5% Wednesday on the Madrid Stock Exchange.

Sales at the parent company of the Zara fashion chains increased by 8 percent to 18.1 billion euro ($19.2 billion), from 16.7 billion euro in the prior year, making it the biggest clothing company in the world on a sales volume basis. Same-store sales growth was 5 percent. Net sales on a local currency basis increased by 11 percent.

Read the full story at Sourcing Journal.

Print Friendly, PDF & Email