#Retail & Brands

2024-06-13

Inditex reports strong Q1 2024 performance

Inditex's sales grew by 7.1% in Q1 2024, reaching €8.2 billion. Sales in constant currency rose by 10.6%. Gross profit increased by 7.3% to €4.9 billion, with a gross margin of 60.6%. Operating expenses increased by 6.4%, below the sales growth rate. EBITDA rose by 8% to €2.4 billion, while EBIT grew by 10.3% to €1.6 billion. Net income saw a 10.8% increase, reaching €1.3 billion.

Inditex's Board proposes a FY2023 dividend of €1.54 per share, split into two payments of €0.77 per share. The first was paid on May 2, 2024, and the second will be paid on November 4, 2024.

Inditex opened stores in 28 markets in Q1 2024, including the launch of its first stores in Uzbekistan. Additionally, 19 stores in Ukraine reopened on April 3, 2024, after a temporary closure, totaling 48 reopened stores in the market.

The Spring/Summer collections are performing well, with a 12% increase in store and online sales from May 1 to June 3, 2024, compared to the same period in 2023. Inditex expects to continue its growth trajectory, focusing on fashion innovation, enhancing customer experience, sustainability, and leveraging team talent.

Planned investments for 2024 include €1.8 billion in ordinary capital expenditure and a €900 million per year logistics expansion for 2024 and 2025. New security technology will be fully operational in Zara stores in 2024 and progressively implemented across all brands.

The Annual General Meeting is scheduled for July 9, 2024. Board proposals include the renewal and appointment of several independent and proprietary directors, with a reduction of the mandate for new board members to two years.

Inditex continues to capitalize on growth opportunities, driving innovation and maintaining a strong market position.

Inditex will fund the university education of 50 female textile industry workers in Bangladesh for five years

Inditex and the Asian University for Women have launched a new scholarship program to support the academic training of female textile factory workers in Bangladesh. Inditex will allocate €3.75 million to fund this initiative, enabling 50 women to access pre-university and university education over the next five years, providing them with new opportunities for personal and professional growth.

Recover™ secures multi-year recycled cotton agreement with H&M

Recover™ has signed a multi-year agreement with H&M to support the integration of its recycled cotton fiber, RCotton, for use in H&M’s products. Since early 2024, H&M and Recover™ have collaborated on product development, which now enables scaled commercial introduction of Recover™ mechanically recycled cotton into H&M’s collections.

GORE-TEX® KIDSWEAR launches innovative membership scheme for kids’ jackets

With its revolutionary new membership model, GORE-TEX® Kidswear now offers families a simple, flexible and sustainable way of kitting out their children in top-quality jackets. It is aimed at the parents of children aged between five and ten and kicks off with a choice of functional winter jackets.

Italian textile machinery innovation takes center stage in Frankfurt for Techtextil 2026

The Italian textile machinery industry is gearing up for a key event on the international trade fair calendar: Techtextil 2026, taking place from April 21–24 in Frankfurt, Germany. A prestigious representation of Italian companies will participate in the German exhibition—a global benchmark for technical and innovative textiles—to present cutting-edge technologies dedicated to an ever-expanding market.

Between innovation pressure and production readiness: Techtextil 2026 showcases market-ready defence textiles

EU defence spending reached a record level of around €381 billion in 2025. The importance of textile innovation in this context is underscored by the European Defence Fund’s 2026 Work Programme, which identifies “smart and multifunctional textiles” as a dedicated priority area. Techtextil translates this demand into industrial practice. From 21 to 24 April 2026, more than 10 per cent of over 1,500 exhibitors in Frankfurt am Main will present material innovations for protective textiles.

Yarn Expo Spring 2026 concludes, connecting buyers with innovative selection of sustainable yarns and fibres

Yarn Expo Spring 2026 wrapped up successfully on 13 March, as a record-high of over 600 exhibitors from 12 countries and regions welcomed more than 25,000 visitors from 113 countries and regions. Held across 27,000 sqm in Hall 8.2 of the National Exhibition and Convention Center (Shanghai), the fair highlighted the textile industry’s accelerating shift toward a lower-impact, more functional future. Exhibitors presented eco-friendly organic, regenerated and recycled yarns and fibres, alongside innovative options such as sweat-resistant and high-performance materials. A comprehensive fringe programme further enriched the event, offering practical market insights and new networking opportunities.

ANDRITZ at Techtextil 2026: Sustainability and advanced technologies

International technology Group ANDRITZ will be presenting its innovative nonwovens production and textile solutions at Techtextil in Frankfurt, Germany, from April 21 to 24, 2026 (Hall 12, B95). ANDRITZ will focus on technologies for durable and technical nonwovens, sustainable fiber processes, textile recycling, and life-cycle services.