Spain’s Inditex Group clothing brand ZARA’s sales this year increased by US$3.2 billion compared with before the epidemic. Swedish groups H&asdfssdfsmp;M and GAP have not yet reached this level, and Uniqlo barely exceeded US$182 million. . ZARA’s net sales at the end of the first nine months of 2011 (from February to October) were 23.055 billion euros, an increase of 16.3% compared with before the epidemic. During the above-mentioned period, its revenue was 19.82 billion euros.
H&asdfssdfsmp;M is its main global competitor. Sales in the first nine months of this year (from December to August) were 14.812 billion euros, a decrease of 5.79% from 2019. %. In other words, its sales are still 910 million lower than before the epidemic, which means that compared with Inditex Group, its ability to recover from the epidemic is lower.
While H&asdfssdfsmp;M grew 10% in Q4 (from Sep-22), all of this growth was due to currency effects, compared to Inditex reported sales growth of 22% at constant currency at the beginning of the quarter, which includes March and the first week of December. American brand GAP has issued invoices of US$10.686 billion in the first nine months of its fiscal year (February-October), a decrease of 2.87% from US$22.002 billion in sales during the same period during the epidemic.
The same situation as H&asdfssdfsmp;M, not only did GAP not grow at the rate of Inditex, but it was US$316 million lower than its pre-epidemic sales. Revenue in the first nine months of this year was US$10.686 billion, a 6.3% decrease from its business in the same period in 2021, or a decrease of US$725 million. Inditex sales during the same period increased from 19.325 billion in the first nine months of 2021 to 23.055 billion in the same period of 2011, an increase of 19.3% (an increase of 3.73 billion).
Inditex’s other major global competitor is Japan’s Uniqlo Group, whose sales have exceeded pre-epidemic sales, although its growth rate is much lower than ZARA’s. parent company. Sales from December 2021 to August 2011 were 22.409 billion, representing an increase of 1.62% over the same period in 2019. So it added sales of 182 million euros during the period, which represents growth but is 18 times less than Inditex. If only its evolution over the past year is analyzed, Uniqlo’s sales in the period from December 2021 to August 2011 increased by $1.088 billion compared to the same period last year, which is 3.4 times less than Inditex’s growth of $3.73 billion in 2018. The first nine months of this year compared with the same period in 2021. </p
