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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1934 |
Essay's paper body
The Group operates 2.381 stores in 57 countries.
www.inditex.com
20 June
Zara And Inditex Post Profits
Spanish clothing group Inditex, operator of chains including Zara, has shown that its fast fashion approach can weather the current downturn in clothing sales across much of Europe. The retailer has reported a 21 per cent increase in first quarter net profit to ?124...
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The retailer has reported a 21 per cent increase in first quarter net profit to ?124.8m in the three months to April 30.
Total sales rose 19 per cent to ?1.41bn, with profits coming in ahead of market forecasts thanks to improved margins. Gross margin increased by 23 per cent to 55.7 per cent. Inditex, which operates more than 2,300 stores in over 50 countries, opened 90 new stores across the quarter...
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