Inditex Reports Strong Sales and Profit Growth in H1 2024

The Zara parent company saw a 10% rise in net profit and continued demand for its new collections.

Inditex's net profit for the first half of 2024 increased by 10% to €2.8 billion.
Sales reached €18.1 billion, showing a 7.2% growth compared to the same period last year.
The company experienced an 11% sales increase between August 1 and September 8, driven by autumn and winter collections.
New store designs and technological innovations, such as smart barcodes and live shopping, are enhancing customer experience.
Inditex plans to expand its live shopping services to the U.S. and Europe and launch a secondhand retail platform in the U.S. by October.