According to Fashionfrom Spain.com, spanish textiles group Inditex was well in profit in 2009. The fashion group’s turnover rose 7% on the previous year to €11.084 bn. Profits rose 5%, reaching the buoyant total of €1.314 bn.
The company’s foreign sales rose last year, accounting for 68% of turnover. Asia contributed most to the total, at 12.2% of sales, compared to 10.5% the previous year.
Last year, Inditex made a strong commitment to international growth, finishing the year with 343 openings, 98% of which were outside Spain, and mainly in Europe and Asia. On the Old Continent, growth in countries like Russia, with 37 new shops, and Poland, with 34, was particularly strong.
In Asia, growth focused on three main markets: China with 41 new stores, South Korea with 12 and Japan with 10. At the close of 2009, the group had a total of 4,607 shops in 74 countries.