LONDON — Inditex, parent of the Zara and Massimo Dutti brands, said first-half profits rose 14 percent to 717 million euros, or $1.02 billion, in the six months to July 31.
Dollar figures have been calculated at average exchange rates for the six-month period.
The Spanish company said sales rose 12 percent to 6.2 billion euros, or $8.8 billion. Some 122 shops opened in the half, the company said, and sales would have risen 13 percent if currency rates had remained constant.
Going forward, Inditex said it would launch online shopping in Japan for its Zara brand.
Since Sept. 6, all of Inditex’s fashion concepts have been selling products online, following e-commerce launches by Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe across the leading European markets, where Inditex generates the bulk of its sales.
On Sept. 7, Zara launched its online sales platform in the U.S.