The company reached this milestone for the first time
European fashion retailer reported 1 million orders in one day. Source: unsplash.com
According to Ecommerce News, Inditex, a major clothing company from Spain, processed one million orders in one day for the first time.
The pandemic negatively affected Inditex’physical stores such as Zara, Pull & Bear, and Bershka, but overall, the company already returned to profitability in the second quarter of this year.
It achieved a gross operating profit of 1 billion euros and a net profit of 214 million euros in this period. Previously, the figures turned red in the Q1 (409 million euros loss) due to the pandemic.
Inditex says the Q3 continues to see a progressive return to normality, with online sales growing sharply and store sales gradually recovering. The company’s turnover reached 8 billion euros and the decline for the first half of this year was -37%. In the Q2, the fall in sales slowed down to -31%.
The company’s growth in online sales remained very high, with a 74% growth year-on-year in the first six months of 2020. The company even received 1 million orders in a day for the very first time.
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