(Global Fashion Wire) - The Inditex Group's (MCE:ITX) net sales (1 February 2011 to 31 January 2012) rose by 10% in 2011 from 2010 to 13.8 billion euros. Net sales increased in all geographic areas (Spain, the rest of Europe, the Americas, Asia and the rest of the world). Net income totalled 1.9 billion euros, an increase of 12% from 2010. Net sales in local currencies rose by 11%, while like-for-like store sales climbed by 4%.
Inditex Group SA
The Inditex Group is made up of more than 100 companies operating in textile design, manufacturing and distribution. The group's success and its unique business model, based on innovation and flexibility, have made Inditex one of the biggest fashion retailers in the world.
Asian Activities Report for July 25, 2011: Agri Energy Limited (ASX:AAE) Commences Drilling First Well in Syria
Asian Activities Report for July 25, 2011 includes: Agri Energy Limited (ASX:AAE) has commenced drilling operations in Syria; Pan Pacific Petroleum NL (ASX:PPP) announced preliminary assessment of the reserves of the Tui oil fields; ZYL Limited (ASX:ZYL) announced additional significant coal intersections at the Kangwane Anthracite Project; Green Rock Energy Limited (ASX:GRK) increases its hydrocarbon footprint in the Canning Basin; POSCO (SEO:005490) and SK Innovation (SEO:096770) will jointly develop first coal conversion technology in Korea; Inditex Group (MCE:ITX) and Trent Limited (BOM:500251) have reached a joint venture agreement; Mahindra and Mahindra Limited (BOM:500520) has offered to acquire up to 34,51,613 EPC Industries (BOM:523754) shares.
On November 4, 2010, global super-brand Zara is scheduled to launch a series of onlines stores throughout Austria, Belgium, Ireland, Luxembourg and the Netherlands. In addition to France, Germany, Portugal, Italy, Spain and the United Kingdom, where online sales were available since 2 September.