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Inditex and the fashion industry in Spain - statistics & facts

The turnover of the manufacture of wearing apparel industry in Spain has gone down considerably since 2008, from approximately 7.5 billion euros to less than 5 billion euros in 2018. In fact, the fashion sector in Spain has generally experienced a series of unstable years, although there seems to be a certain degree of recovery in recent times, with the industry making its way back into the Spanish economy. Spanish wearing apparel exports can be used as an example of this economic rally, with export values reaching over 15 billion euros by 2018.

The fashion industry in Spain inevitably goes hand in hand with one of its main players in the sector, the Inditex Group. The Spanish multinational clothing company registered a record net income of almost 1.2 billion euros in the third quarter of 2019, although it dropped sharply during the first months of 2020 due to the outbreak of the coronavirus (COVID-19) pandemic and the subsequent economic crisis. The group is so successful that three of its apparel retailing brands have made the list of the most valued brands in Spain.

With approximately 19.6 billion euros in 2019, Zara was the Inditex brand with the highest global net income, way ahead of the second brand on the list, Bershka, which registered a global net income of almost 2.4 billion euros that same year. In Spain, the company Zara España S.A. recorded a sales value of over two billion euros in 2019, followed by the also Spanish clothing retailer MANGO, which registered sales of approximately 1.7 billion euros that year. Inditex’s other main competitors include the department store group El Corte Inglés, which registered an annual turnover of 15.3 billion euros in 2019.

Since its creation in the sixties, Inditex has gradually grown to become globally present. As of 2019, the clothing giant had about 7.5 thousand shops across all continents. The group’s global sales have experienced constant growth in the last decade, recording a value of 28 billion euros in 2019.

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Inditex and the fashion industry in Spain

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