Inditex recorded net sales growth of 14% in the first quarter of 2017 - rising to €5.6bn.

The group, which is the world's biggest fashion retailer, booked a net profit of €654m during the first quarter of the year.

Net profit amounted to €654m, which was 18% higher than the first quarter of 2016.

It created some 10,668 new jobs during the past twelve months, 2,242 of which were in its home market in Spain.

Zara accounts for two-thirds of the Spanish group's sales. It also owns Massimo Dutti, Bershka, and Pull & Bear.

During the past quarter, it opened 30 new stores, it now has 7,385 outlets in 93 countries.

Zara's online stores went live in Malaysia, Thailand, Singapore, and Vietnam as the company continued to invest in its online presence during the first quarter.

Its sales in constant currency terms increased by 12% from February 1st to June 3rd 2017.