Inditex Group Achieves Double Digit Growth Target In All Regions Of The World

Spain's fast fashion Zara parent company Inditex group released its full year results in 2015, according to earnings data, the group's 2015 profit rose 14.9% to 2 billion 880 million euros (about 20 billion yuan), to achieve double digits in various regions of the world.

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The group owns Zara, Bershka, Pull & Bear and Massimo Dutti brand. By January 31, 2016, the group's sales rose 15.4% to 20 billion 900 million euros in 2015.

According to a group spokesman, the sales prospects of the group remained optimistic in 2016. According to the sales data from February 1st to March 7th, the sales of stores increased by 15% over the same period.

The group said

Thanks to the strong sales of new stores, the same store sales rose 8.5%.

In 2015, the group opened 330 new stores in the world.

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Fast fashion UNIQLO express group said its expected net profit for the year will be flat at 110 billion yen, or about 895 million US dollars, while the expected profit for the whole year was 115 billion yen, or about 936 million dollars.

At present, group sales increased by 7% to 1 trillion and 800 billion yen, or about 14 billion 650 million US dollars, slightly lower than the expected 1 trillion and 900 billion yen, or about 15 billion 470 million US dollars.

The company also said that exchange rate fluctuations would not be included in the new forecast.

XXX also said that in the quarter ending November 30th, the company fell 30.2% to 48 billion yen, or about 398 million 400 thousand dollars, compared with the same period net profit.

The first quarter revenue grew 8.5%, to 520 billion 30 million yen, or about 4 billion 320 million US dollars, while operating profit dropped 16.9% to 75 billion 900 million yen, or about 630 million US dollars.

According to Xun group, Japan's profit and sales declined in the quarter under the influence of the discount season.

The weakness of UNIQLO in Korea, the United States and greater China has left its international business behind its goal.