E-commerce: Inditex, full sail

Inditex is Zara (fashion and home) + Massimo Dutti + Pull & Bear + Bershka and Oysho: and the company which bet on the development of e-commerce thanks to the pandemic, is experiencing good results in this year 2021. AFP

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The Spanish textile giant, Inditex, owner of eight brands, including Zara, posted record profits in the third quarter of 2021. Online sales, particularly dynamic due to the health crisis, contributed to the group's good results. 

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An insolent figure: a billion 230 million euros in profit in the third quarter. At the start of the Covid-19 pandemic, in the first quarter of 2020, the results of the textile giant had plunged into the red, a first in twenty years. Almost all of its stores around the world had to close because of health restrictions:

. It was mainly the small stores that had been affected by these closures, but also other brands of the group such as Zara Home. 

Since then, the world number one in ready-to-wear has raised the bar, thanks in particular to the economic recovery.

Owner of stores in 86 countries, Inditex has seen strong growth for all of its brands, including Zara, Bershka and Massimo Duti ... Sales in stores, but also e-commerce explain this success.

To cope with the crisis, the company had bet on online sales and planned to invest more than one billion euros for this purpose.

Inditext has thus opened around twenty relay warehouses for sale on the Internet.

The result is that online sales are up 28% from 2020, and even 124% from 2019.

The turnover has already at this stage exceeded that of 2020. It stands at 19 billion 320 million against 14 billion 80 million last year.

These data "

 ", based on a " 

 ", underlined the president of Inditex, Pablo Isla, quoted in a press release taken up by AFP.

Pablo Isla who will hand over the reins of the company to

, the daughter of

, next year.

Inditex and the forced labor of Uyghurs

The national anti-terrorism prosecution opened in June an investigation for "concealment of a crisis against humanity" targeting several textile giants in France (Zara, Uniqlo, Sandro, Maje, etc.).

This investigation follows the complaint of several NGOs (the Sherpa association, the Ethics on Etiquette collective, the Uyghur Institute of Europe) as well as a Uyghur woman who was interned in the province of Xinjiang, in the north of France. West China on the possible use

by subcontractors of these companies in China.

Charges that the Inditex group “firmly” contested in a statement to the

site

which relayed this investigation. 

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