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Inditex posts record sales

Inditex reported a record $39.49 billion (€35.9 billion) in annual sales for 2023, marking a 10% YoY increase with growth across all regions and brands. Notable boosts include a 16.9% rise in Asia and the Rest of the World, and significant growth in Spain and the Americas. Zara led the revenue surge, followed by other brands like Pull&Bear and Bershka. Net income soared 30% to $5.94 billion (€5.4 billion). Despite this success, Inditex focused on reducing its physical footprint, particularly in China, while emphasizing online sales.

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