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Inditex now serving 24 markets online

Zara and Massimo Dutti owner Inditex has announced that it continues to grow the business through a multichannel strategy of opening new stores and developing its eCommerce operations.

In a trading statement for the first half of its financial year, the group said it now sells its goods online in 24 markets. This eCommerce presence was boosted by Zara's online sales platform going live in Russia on 28 August, and the recent Zara Home and Massimo Dutti inaugurated online sales activity in Canada.  

Over the six-month period to the end of July Inditex added 95 stores, bringing its total real estate portfolio to 6,104 across 86 different markets.

Group net sales for the half-year were €7.7 billion, which represented year-on-year growth of 6%, although this figure rises to 8% in local currency terms. Like-for-like sales growth was 2% and the company's net profit increased by 1% year-on-year to €951 million. 

With many retailers around the globe pulling the plug on store openings, Inditex still has plans to add to its store base with a number of prominent unveilings planned before the end of the current financial year.

Zara Home will enter the Swedish market later in 2013 when it will opens a flagship store on Stockholm's central Birger Jarlsgatan street, while a Massimo Dutti establishment is planned for Rue de la Paix in Paris and debut Zara stores are earmarked for Seattle in the US and Port Elisabeth, South Africa. Zara Home is also set to open on the Champs Elysees in Paris and Paseo de Gracia, Barcelona in the coming months.

Inditex also owns Pull & Bear, Bershka, Stradivarius, Oysho and Uterque.

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