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2015 the year of investment, job creation: Inditex CEO

Xinhua, March 10, 2016 Adjust font size:

2015 was the year of job creation and investment for the world's leading retailer Inditex, Pablo Isla, Inditex CEO said on Wednesday when presenting the results of the group's fiscal year.

Isla, who occupies the third place in the Harvard Business Review's list of the top CEOs worldwide, stated that in 2015 Inditex created more than 15,800 new jobs, 4,120 of them in its home country Spain, reaching a total of 152,854 employees around the world.

Isla highlighted the importance of investments in the group's headquarters, technological modernization and logistics platforms, pointing out that Inditex invested 1.518 billion euros (1.665 billion U.S. dollars) in its international growth.

The group, which operates eight brands including Zara, Massimo Dutti, Bershka, Pull&Bear, Stradivarius, Oysho, Zara Home and Uterque, increased net profits by 15.4 percent in the last fiscal year, which ended on Jan. 31, to 2.875 billion euros.

Meanwhile, Inditex sales surpassed the 20 billion euros mark for the first time, reaching 20.9 billion euros. Sales in Europe represented 44 percent of the total, 23.5 percent in Asia and 14.7 percent in America, while accounting for 17.7 percent in Spain.

By the end of its fiscal year, Inditex had 7,013 stores in 88 different markets after opening 330 new stores in 56 markets around the world. Isla told Xinhua that in 2016 the group will open in China around 70 stores, a similar figure to that of 2015. (1 euro=1.09 U.S. dollars) Endit