On March 10, the global fashion giant Inditex (owner of Zara, Pull&Bear, Bershka, Massimo Dutti, etc.) revealed a annual turnover of €38.6 billion, 26.4% of which was online, for the fiscal year ending late January 2025. Growth slowed to 10.5% at constant rates, compared to 14.1% in 2023. E-commerce grew by 12% to €10.2 billion, twice as fast as stores (up by 5.9%). The net margin ratio reached 15.2% of turnover, an increase of 0.2 point. In absolute terms, the net margin increased by 9% or €5.
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.