Inditex continues strong recovery

Fashion powerhouse Inditext continues it’s strong recovery from the pandemic. After a record profitability in Q2 Inditex keeps on growing with high profit margins. In Q3 Inditex revenues grew by 22% compared to last year 5,6% compared to 2019. This is very strong result given how badly fashion retailing in general suffered during the pandemic.

In terms of profits, Inditex had a profit margin of 16,6%, which had +273% growth from the previous year.

In terms of its investment to digital capabilities, the company said that it would reach its target of 25% of all revenue from online. The target will be reached this year, one year in advance. that would make Inditex almost double the size of Zalando, the online fashion leader in Europe.