ZARA Founders Are The Second Richest People In The World Than Buffett.

Over the past 5 years, Inditex has opened 400 new stores annually in 88 countries.

The group opened 63 new stores in the first quarter, and the total number of shops rose to 6746, compared with 6393 in the same period last year.

The group has more than 500 shops in China.

In Spain, the largest market in the group, its sales still account for 1/5 of the group's total sales.

Europe is still a key market for Inditex, with 70% of the shops in the European market and sales account for 2/3 of the total sales.

In June 10th, Zara parent company Inditex released the first year of this year.

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In the first quarter, Inditex profits of the world's largest apparel retailer rose by 28%, the biggest gain in nearly 2 years.

In the first quarter, the group's net income was 521 million euros, up 28% over the same period last year.

Sales amounted to 4 billion 370 million euros, up from 4 billion 330 million euros previously estimated by analysts.

The substantial increase in profits was mainly due to

In the global expansion of shops and the euro's weak performance.

Over the past 5 years, Inditex has opened 400 new stores annually in 88 countries.

The group opened 63 new stores in the first quarter, and the total number of shops rose to 6746, compared with 6393 in the same period last year.

The group has more than 500 shops in China.

In Spain, the largest market in the group, its sales still account for the group.

1/5.

Europe is still a key market for Inditex, with 70% of the shops in the European market and sales account for 2/3 of the total sales.

The Inditex report shows that the increase in sales over the same period also benefits the company's focus on emerging markets such as Asia and the Americas, as well as online sales.

Over the past two years, Inditex 27% has opened new stores in Asia. Zara plans to expand in Asia and will increase online sales in Taiwan and Hongkong and Macao.

Besides Zara, Inditex also has Massimo Dutti and Pull&Bear, Bershka and other brands.

It is worth mentioning that, according to the latest Bloomberg millionaire index, the founder of Inditex 60% shares, Amancio Ortega, has surpassed Warren Buffett to become the second richest in the world.

Inditex shares rose 27% at the beginning of this year, raising the personal wealth of Amancio Ortega to $71 billion.

"We are satisfied with the performance in the first quarter.

This shows that we are doing well in different regions. "

Inditex capital market director Marcos L PEZ said.