In the first nine months of 2022, Inditex’s fully integrated model saw strong operating performance. The company continues to focus on four key areas: a unique product proposition, enhancing the customer experience, sustainability, and the talent and commitment of employers.
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Óscar García Maceiras, CEO, said: “In the current challenging context, these results clearly reflect the strength of our unique business model: fashionable collections, an appealing shopping experience and a team highly committed to achieving profitable and more sustainable growth.”
Sales reached EUR 23.1 billion (+19 percent versus 2021), translating to a 20 percent increase in constant currency. Thanks to the flexibility and responsiveness of the business in conjunction with in-season proximity sourcing allowed a swift reaction to fashion trends.
The future expansion of the group is underpinned by investment in the retail arm under the Inditex umbrella, advances made to the online sales channel and improvements to the logistic platforms with a clear focus on innovation, technology and sustainability. Online sales are expected to exceed 30 percent of total sales by 2024.
Sustainability is a key part of Inditex’s strategy. As per the Sustainability Roadmap Goals, Inditex is on track to deliver upon all of the targets set for 2022, 2023 and 2025, with a particular focus on two pillars: innovation through the Sustainability Innovation Hub (SIH) and circularity.
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On 30 November 2022, Inditex launched a new detergent, The Laundry by Zara Home, which is available in stores and online platforms in more than 25 markets. Developed jointly by Inditex and BASF, the innovative solution reduces microfibres released by up to 80 percent. The detergent’s formula features a combination of efficient ingredients particularly suitable for washing at low temperatures and thereby reduces its carbon footprint and extends the life of the textiles. The developed solution can also be adjusted to enable the use of this technology by other detergent manufacturers and shows the effectiveness of cross-industry collaboration.