According to the Spanish ABC daily report, the Spanish textile industry leader Inditex Group has not opened a new store in Spain in the past five years, but sales still increased significantly by 29%, with sales reaching 4.557 billion in 2018. Euro; At the shareholders’ meeting held on July 17, 2019, the group’s president Pablo Isla said that the key to success is to combine physical stores with online sales. In addition, in recent years, the Inditex Group has also chosen to close smaller stores and open large flagship stores .
This shareholders meeting is mainly to celebrate the Inditex Group’s global sales exceeding 26 billion euros for the first time, but its growth rate is only 3%, the lowest in history; among them, online The sales part accounts for 12%, and the growth rate is as high as 27%. Despite this, the president of Isla pointed out that global sales five years ago were only 16.724 billion euros, and today the company is still growing steadily. He emphasized that the Inditex Group pays 2% of Spain’s national tax revenue every year, and has paid it in the past five years. With a tax of 2 billion euros, it is a very important enterprise in Spain.
In the last fiscal year, Inditex Group made a profit of 3.444 billion euros, and shareholders received a dividend of 0.88 euros per share; Inditex Group has invested a total of 90 million euros in the past six years billions of euros to expand its business, with 174,000 employees worldwide.
At the shareholders’ meeting, Inditex Group also announced that it will actively move towards sustainable development in the next few years and hopes to become a leader in transforming the circular economy. All Inditex Group stores will ban plastic bags next year, and plan to completely phase out single-use plastic bags in 2023, and use cotton, linen, polyester and other organic, sustainable or recyclable fabrics to make clothes.
