Industria de Diseño Textil, more commonly known as Inditex, is one of the largest clothing companies in the world. The company’s most famous brand is Zara, but it owns many other well-known high-street brands, such as Bershka and Pull&Bear. The first Zara store was opened in Spain in 1975, and now the company has stores around the world. The fast fashion company operates on a quick turnover of stock, with styles moving quickly from design to the shop floor.
Inditex made sales of approximately 32.6 billion euros in the financial year 2022. This was an increase of almost five billion euros compared to the previous year. Up until 2020, which was heavily affected by the coronavirus (COVID-19) pandemic, Inditex had consistently increased its annual revenue each year. 2022 saw the continuation of this trend, as sales surpassed 2019 levels. Most of Inditex’s sales come from Europe, where revenues were almost double that of the rest of the world combined in 2022. The brand Zara was responsible for more than 70 percent of the company’s worldwide sales.
Another significant player in the fast fashion world is the Swedish company, H&M. H&M Group generated 223.6 billion Swedish kronor dollars in sales in their 2022 financial year, which at the time of year-end was equal to roughly 20.5 billion euros. Zara and H&M have battled for the title of greatest brand value in recent years, with Zara coming out on top in 2022, with a brand value of almost 15 million U.S. dollars.
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Research expert covering apparel industry and general merchandise