Belfast Telegraph

Sales at Zara's owner hit £16bn as store numbers grow

By Margaret Canning

Inditex, the parent company of fashion favourite Zara, has announced a 15.4% jump in sales to €20.9bn (£16bn) during 2015.

And the Spanish retail giant revealed it invested €1.52bn (£1bn) in the business during the year - a spend that included the extension of its flagship Zara in Belfast's Donegall Place.

The company employs a total of 152,854 people across the globe, including 120 in Belfast.

It currently operates two stores in the city - Zara and sister brand Pull & Bear in Victoria Square - though it is also set to open its first Stradivarius store in the city later this year.

Other brands in the Inditex stable include Bershka, Massimo Dutti, Zara Home and Oysho.

As well as extending its Belfast premises in 2015, Zara also opened in London's Oxford Street, as well as expanding stores in Brussels, Palma de Mallorca, Hamburg, Vienna, Copenhagen and Vladivostok in Russia.

The company opened 330 stores in 56 markets during 2015, leaving it with a total of 7,013 stores.

Inditex chairman Pablo Isla said: "The investments carried out in head offices and logistics platforms, and in upgrading the company's technology, have continued to translate into significant job creation and enabled Inditex to attract talent all over the world."

In recent years, the Zara chain has become a must-visit shop for dedicated fashionistas.

It has gathered a huge celebrity following, with the Duchess of Cambridge a fan of its jeans and blazers.

Belfast Telegraph