Inditex’s Maceiras on Growth, Diversification and Strengthening the Group’s U.S. Footprint

Classic loyalty to the business model, diversification and growth opportunities are the key elements that continue to build Inditex’s path for the future. This is what Óscar García Maceiras reflected in his speech during the conference with analysts on the results for the first nine months of the year, held on Wednesday. During the period, the Spanish company increased its turnover by 2.7% to 28,171 million euros, exceeding analysts’ forecasts for the third quarter. “We have generated a great performance, with an increase in sales in a complex market context and very satisfactory profit levels,“ said the CEO at the beginning of his speech.

For the executive, the bases of this positive evolution in a challenging macroeconomic situation are none other than the usual strengths of the company presided over by Marta Ortega: “the unique fashion proposition, the increasingly optimized customer experience, the focus on sustainability and the commitment of the teams”. These elements are factors that build, according to Maceiras, the “differentiation” of the company based in Arteixo (A Coruña) in the international market. As a novelty, the CEO has stressed, on several occasions, that the “high level of diversification underlines the resilience of the business model” in the face of a demanding context.

In addition to highlighting the “good reception” of the autumn-winter collections, Maceiras insisted on the “satisfactory pace of growth” that has extended to both stores and online during the first three quarters. Likewise, sales have been “positive” in all the group’s concepts and, at constant rates, in all markets. Between November 1 and December 1, a period that includes the Black Friday campaign, turnover recorded through the online channel rose by double digits to 10.6%. The group’s CFO, Andrés Fernández, described the performance during the period as “extraordinary”.

Inditex closed the first nine months with a growth of 2.7%

In terms of expansion and growth capacity, the CEO expressed confidence in the future potential of the fashion company. “Our presence in 214 markets, combined with low penetration in almost all of these countries, supports our diversification,“ Maceiras acknowledged, noting that Inditex “continues to enjoy significant global growth opportunities.“ Confidence, he argued, comes from the “unique model that allows us to consolidate at different levels of diversification.“

Citing the openings of Zara in Osaka (Japan), a market in which it already operates 64 stores, or Diagonal (Barcelona), Oysho in Berlin (Germany) or Stradivarius in Glasgow (UK), Maceiras indicated that Inditex continues to “identify good expansion opportunities for all concepts in all markets”.For the CEO, “the advantage lies in the global knowledge of the different countries and the online presence of all the brands in them”.

Along these lines, the group’s director of investor relations, Gorka García-Tapia, stressed that Inditex is “a company that enjoys a very high level of diversification”, both in terms of the number of concepts, channels and geographies. “We can improve our presence in the most important places in the world and expand into new cities and territories; we have a very low share in a sector that continues to be very fragmented,“ added Maceiras on the company’s future prospects.Maceiras added about the company’s expansion ambitions, which it will combine with logistical investment, improved customer experience and the implementation of innovative in-store technologies.

“Growth is in our hands,“ says Óscar García Maceiras

In fact, this week, Zara Man will open the doors of a new store in Rome and Zara will land in Charlotte (North Carolina), expanding its presence to twenty-six U.S. states. For Inditex, the United States remains a “very relevant market” in which it continues to contemplate “opportunities for selective expansion”. “Growth is in our hands,“ reaffirmed the CEO, anticipating that 2026 “will be full of exciting projects”.

“Our goal is to continue to strengthen the key elements that give rise to these results today - concluded Maceiras -; our priority remains to continue to increase the attractiveness of our fashion proposal with creativity, innovation, design and quality”.