Inditex exceeds €1.1 billion net profit

labarta
2 min readMar 11, 2021
  • Here how Inditex understood the importance of e-commerce, to build one operational system to connect all the stores worldwide and invest seriously in this new adventure to continue selling thru their e-commerce site. Here some information for their latest financial report.
  • to have one Inditex’s executive chairman, Pablo Isla, said of the results, “Inditex has emerged stronger after such a challenging year thanks to the amazing commitment displayed by everyone here at the company”. Under this context, he underlined the relevance of “the digital transformation strategy initiated in 2012, which is built around the integrated store and online sales platform”. “Inditex as a company is stronger today than it was two years ago, with a unique business model and a global, flexible, digitally integrated and sustainable sales platform, which places us in an excellent position for the future”., Isla concluded
  • Online sales increased by 77% in local currencies to €6.6bn, making Inditex a global leader in online fashion.
  • Inditex launched its online sales platform in 25 new markets and opened new stores in 29.
  • The fast deployment of the integrated stock management system (SINT), which is already available in 5,777 stores across 89 markets, has played a crucial role during the pandemic. Specifically, SINT made it possible to fulfil 46 million online orders worth €1.16 billion from the Group’s stores during the year.

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labarta

Digital Transformation, Digital Marketing and eCommerce Expert, Interactive Strategist, Visionary, Connected, Creative, Coffee loving