The company aims to build on recent business growth through various initiatives, including ongoing store optimisation to enhance productivity. Annual gross space is expected to grow by around 5 per cent in 2025-2026, with a positive contribution from physical stores and strong online sales.
Inditex expects 5 per cent annual gross space growth in 2025-26, investing €1.8 billion ($1.96 billion) in store optimisation, technology and online platforms.
In 2024, sales rose 7.5 per cent to €38.6 billion ($42.07 billion), with online sales up 12 per cent.
Zara led with €27.8 billion ($30.30 billion).
Sustainability efforts saw 73 per cent lower-impact fibres used, aiming for 100 per cent by 2030.
The company’s logistics expansion plan, allocating €900 million per year in 2024 and 2025, remains on track to enhance logistics capacities and support global growth opportunities, Inditex said in a press release.
The Zaragoza II distribution centre for Zara is set to begin operations in summer 2025. Investments will adhere to high sustainability standards and incorporate advanced technology. Inditex anticipates a -1 per cent currency impact on sales in 2025 and expects a stable gross margin within a +/-50 basis points range.
Financial performance in 2024
Inditex experienced strong sales growth in 2024 as total sales increased by 7.5 per cent year-over-year (YoY) to €38.6 billion (~$42.07 billion), demonstrating robust performance across both physical stores and online platforms. Sales in constant currency rose by 10.5 per cent, with all concepts reporting positive results. Store sales grew by 5.9 per cent, driven by increased footfall and higher productivity.
Inditex’s gross profit increased by 7.6 per cent to €22.3 billion, with the gross margin reaching 57.8 per cent (+8 bps). Including all lease charges, operating expenses grew 126 basis points below sales growth. EBITDA rose by 8.9 per cent to €10.7 billion, while EBIT increased by 11.0 per cent to €7.6 billion. Net income for 2024 reached €5.9 billion, marking a 9.0 per cent YoY rise.
The company’s online sales saw strong growth of 12.0 per cent YoY, reaching €10.2 billion. Customer engagement remained high, with active app users reaching 218 million. Online visits in the 2024 financial year increased by 10.0 per cent, totalling 8.1 billion.
Brand-wise, Zara, including Zara Home, led with €27.8 billion (~$30.30 billion) in sales, up 6.6 per cent. Stradivarius recorded the highest growth at 14.1 per cent, reaching €2.7 billion. Bershka and Oysho both saw an 11.8 per cent rise, with sales of €2.9 billion and €831 million, respectively. Pull&Bear grew by 4.6 per cent to €2.5 billion, while Massimo Dutti matched Zara’s growth rate at 6.6 per cent, reaching €2.0 billion.
The company’s ongoing store optimisation and digitalisation programme remained a key factor in this growth. The increase in store sales was achieved despite a 2.3 per cent reduction in the number of stores compared to 2023, with commercial space expanding by 2.0 per cent. Gross new space in 2024 increased by 5.8 per cent.
“The excellent sales and profit figures show the solidity of the Inditex group’s profitable growth, based on the quality of the commercial offer of all our formats, the efficiency in all operations and the constant innovation with which our teams drive a business model that continues to show its ambition and strength 50 years after the opening of our first store,” said Oscar Garcia Maceiras, chief executive officer (CEO) at Inditex.
Inditex opened stores in 47 markets in 2024. During the year, the group opened its first stores in Uzbekistan and remained very active in store optimisation activities (257 openings, 254 refurbishments which include 121 enlargements and 386 absorptions). At the end of FY2024, Inditex operated 5,563 stores.
During the period between February 1 and March 10, 2025, the company’s Spring/Summer collections have been well received, with store and online sales (adjusted for the leap year effect) rising 4 per cent, compared to the same period in 2024. Sales in the last commercial week increased by 7 per cent in constant currency.
Fibre2Fashion News Desk (SG)
