Pursuits
Inditex Sales Rise at Fastest Pace in Three Years on Spain
- Revenue advances 15% excluding currencies so far this year
- Retailer's store count exceeds 6,900 stores in 88 markets
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Inditex SA, the world’s largest clothing retailer, reported sales growth at the fastest pace in three years as Spanish consumption shows signs of recovering after years of austerity.
Revenue rose 15 percent excluding currency shifts in the nine months through October and continued at that rate in the start of the final quarter, the Arteixo, Spain-based owner of the Zara and Stradivarius brands said Thursday in a statement. Net income gained 20 percent to 2.02 billion euros ($2.2 billion) in the nine months, matching the average of estimates compiled by Bloomberg.