ZARA sales increased 8% over the same period last year

INDITEX announced that from January to September this year INDITEX achieved sales of 7.759 billion euros, an increase of 8% over the same period of last year (excluding the exchange rate factor). INDITEX said that the number of its stores in China More than 60, and will expand to second-tier cities such as Harbin and Kunming. In addition to its sales, INDITEX also released its gross profit for the first nine months of this year. According to its financial reports, INDITEX achieved a gross profit of Euro 4.43 billion, an increase of 5% over the same period of last year. Its gross profit margin decreased slightly from the same period of last year. From 57.6% last year reduced to 57.1%. INDITEX continues to rapidly expand its stores in China. This year in Beijing Wangfujing Street flagship store opened, INDITEX ZARA brand, including the number of stores, including more than 60, compared with 2008, the number more than doubled. According to the 2008 Annual Report, the total number of stores in the Chinese market ZARA is 27, while the number of newly opened stores in the year was 13, with at least 33 newly opened in the first 9 months of this year. As of October 31, INDITEX opened 266 new stores worldwide and the number of stores worldwide reached 4,530. The number of newly opened stores in China accounts for about 12% of the total.