Twitter
Facebook
Linked In
RSS
Login or Register
New to InternetRetailing?
Register Now
Internet Retailing
You are in: > Home > Themes

This is your 1 complimentary article for this month

Become a member for unlimited and immediate access.


Register
Already a member? Log in here

Fashion retailers report fast online growth

Linked InTwitterFacebookeCard
In the week that ONS figures showed fashion retailers were one of the few categories to enjoy a double-digit sales growth in August, traders from Zara-owner Inditex to JD Sport and River Island have released their latest figures. We took a look at what they said about their online strategies.

Inditex, owner of multichannel brands including Zara and Massimo Dutti, this week said its online sales grew by 16% in the period between August 1 and September 10. The company currently sells online in 28 countries, with Zara launching websites in Hong Kong, Macau and Taiwan most recently.

The update came as Inditex released first-half figures showing net sales reached €9.42bn in the six months to July 31, 17% up on the same time last year, while net profit of €1.16bn was 26% up.

JD Sports Fashion , releasing its first-half figures, said pre-tax profits in the six months to August 1 had reached £46.6m before one-off costs. That's 82% ahead of the same time last year, on sales of £890.9m that were 21% up on last time.

It cited multichannel success in its fast-growing profits.

Executive chairman Peter Cowgill said: "In an extremely competitive market for sports fashion footwear across Europe, we must acknowledge that the levels of organic growth that we have seen over the last two years are unlikely to continue indefinitely, albeit the JD brand continues to strengthen and further opportunities prevail.

"Our current successful exploitation of these favourable market conditions reflects investments that we have made over a number of years in developing our multi-channel retail proposition and driving improved buying, merchandising and retailing disciplines. We continue to invest heavily in these areas."

Finally, River Island reported a 48% increase in mobile traffic to its website and 32% rise in click and collect sales, according to reports. The Telegraph said the rise came as River Island profits rose to £149.1m compared to £88m the year before, as sales rose to £925.8m in the year to the end of December 2014, a rise of 10.4%.

Chief executive Ben Lewis told the Telegraph that it was tapping into the behaviour of customers who shop as they go.

Linked InTwitterFacebookeCard
Add New Comment
You must be logged in to comment.

The InternetRetailing Newsletter

A curated update containing news analysis, reports, podcasts and opinion - completely free and delivered three times weekly

Become a Member

Create your own public-facing profile
Gain access to all Top500 research
Personalise your experience on IR.net
Internet Retailing
We are the magazine, portal and research source for European ecommerce and multichannel retail, hosting the board-level conversation for retailers, pureplays and brands across all of our platforms. Join the conversation.

© InternetRetailing Media

Latest Tweet

Internet Retailing
Tamebay
eDelivery
Twitter
Facebook
Linked In
Youtube
RSS
RSS
Youtube
Google
Linked In
Facebook
Twitter