Inditex’s Lefties’ Remarkable Turnaround: From Loss to €21 Million Profit in Just a Year

The figures are in line with Lefties’ relaunch plan. Inditex’s most discreet chain, immersed in a strategy to raise its positioning, has shot up in size and now exceeds €600 million in turnover. The Galician group’s lowest-price concept is becoming profitable, while boosting its international presence.

Lefties ended the last fiscal year, which ended in January 2025, with a turnover of €644.81 million, which represented a growth of 17.44% over the previous year, when it recorded revenues of €549.04 million, according to the annual accounts of the company Nikole, through which Lefties operates and which have just been deposited at the Mercantile Registry.

The growth rate of the chain in the last fiscal year was the highest of all Inditex concepts: Stradivarius recorded a 14.1% increase in sales, while Bershka and Oysho grew by 11.8%. The rest of the chains grew by less than 10%.

Lefties ended the last fiscal year with net sales of €645 million and a profit of €21 million 

Despite the increase in sales, Lefties remains the group’s smallest chain by volume, although it is closing the gap with Oysho. The sports fashion chain (formerly dedicated to intimates) closed 2024 with sales of €831 million and remains the smallest concept. Massimo Dutti, the next by volume, achieved sales of €1.96 billion in 2024.

After years of growth, Lefties has also managed to enter profitability. The company through which it operates recorded a net income of €20.64 million in the last fiscal year, compared to a loss of €703,840 twelve months earlier.

The operating result also improved significantly, from €230,000 in 2023 to €31.4 million in 2024. The improvement in profitability is a consequence of the increase in sales, as the main expense items increased, with an increase of 15.71% in supplies (to €531.90 million) and 14.93% in personnel (to €25.24 million).

Spain accounted for nearly 60% of Lefties’ turnover at the end of 2024.

At the close of fiscal year 2024, Lefties had not yet begun to accelerate its international expansion, something it has done in recent months. With sales of €384.63 million, nearly 60% of the chain’s turnover came from Spain, a market in which it recorded a growth of 16.56%. In Europe, which accounts for almost 20% of business, the chain grew by another 16%, while in the Americas it obtained just over 10% of its sales and grew by 35% in 2024.

Lefties has launched this year an international growth planfocusing on Europe that will take it to land in markets such as France, Germany, France and the United Kingdom, in addition to Italy, where it has already entered. Until now, Lefties’ expansion has focused on Mexico and the Middle East. Lefties has more than 200 stores in some thirty countries.

The chain, which began its activity as a Zara outlet, began a repositioning process in 2024, which finally came to light last May with the introduction of a new image and a concept dedicated to the home. Despite this exercise to raise its image, the chain will maintain its average price.