Zara has record sales due to global online push


The owner of Zara Inditex has seen a 10% hike in their first quarter profits with record sales due to a global online push.

The world’s largest clothing retailer, Inditex posted net profits of £653m in the three months to 30 April, net sales lifted by 5% to a record £5.3bn.

The group who own Massimo Dutti and Pull & Bear poor weather in the second half the quarter hit sales, however this quickly recovered.

Pablo Isla, chairman and chief executive said the first-quarter performance underscored the “strong momentum in the digital transformation of the integrated store and online sales platform and in sustainability as a key pillar of the company’s strategy.”