Inditex who considered clothing retailer largest in the world, reported today (Wednesday) that the

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Inditex who considered clothing retailer largest in the world, reported today (Wednesday) that the net profit for nine months of the year grew by 10% to 1.3 billion euros, due to the opening of new stores in Asia and expanding options for buying over the internet for Zara and other brands. Spanish company results were in line with analysts' forecasts had expected a net profit of 1.29 billion euros. Also shows Inditex reported that sales rose 10% this year and stood at 9.71 billion euros.
Last month, the company entered the first time to Taiwan, le chateau de prestige South Africa and Azerbaijan, and since September Inditex expanded online buying options outside of Europe, and also began online sales for brands Massimo Dutti, Raschke and four other networks.
Tomorrow publishes H & M results for November and thus analysts believe the company will report an increase of 11% in sales stemming from the collaboration of Swedish fashion chain with Italian fashion house Versace. Today the network has begun selling a collection designed by Trish Somerville, costume designer of the film Girl With the Dragon Tattoo.
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