The Zara brand, owned by the Spanish giant Inditex, is flying, driven by the Asian market and online sales: as at 31 January 2012, net income grew by 12% to 1,93 billion euros, against the 1,92 billion forecast by Bloomberg analysts.
Revenue increased by 10% to 13,8 billion, while in local currencies the increase is 11%. Furthermore, the clothing company has increased its business by opening 483 new stores in 49 countries around the world and hiring almost 10 new employees (9.374 to be exact).
There are now 5.527 stores in all, and another 500 are expected to open in the next fiscal year. The only concern for Zara, at present, seems to be the trend of the European market, in crisis, which still affects 70% of the brand's total turnover.
