Black Friday sales have boosted sales for Inditex, the Spanish owner of clothing retailer Zara.

The popular clothing chain, which has a large premise in Aberdeen's Union Square, increased year-on-year sales by 14% from November 1 to December 11.

The update came alongside results for the first nine months of this year which show an 11.1% improvement in sales to near £21.1m.

Gross profit at the Spanish company increased 12.3% to £13.11m.

The timely Black Friday boost followed a disappointing third quarter when profits fell short of analysts expectations at a 6.6% increase.

The company said: “Inditex operates in 213 markets with low share in a highly fragmented sector and we see strong growth opportunities. We expect increased sales productivity in our stores going forward.”

Óscar García Maceiras, its chief executive, added that he saw “significant opportunities for selective growth” in the US.

FTSE 100

The UK's flagship share index, the FTSE 100, was up 92-points at 7,640 shortly after opening this morning.

Brent crude oil futures were down by 0.61% today, trading at $74.71 per barrel.

Companies reporting today

  • Bunzl - Trading statement
  • Currys - Half year results
  • IntegraFin - Full year results
  • Serco - Full year trading update
  • SThree - Full time job

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