Showing posts with label Inditex. Show all posts
Showing posts with label Inditex. Show all posts

Wednesday, 17 September 2014

Zara owner Inditex sees profits dip but sales rise

Inditex, the Spanish owner of retailer fashion chain Zara, has reported a fall in first-half profits.
Net income at the world's largest clothing retailer fell to 928m euros (£738m; $1.2bn) from 951m euros in the same period a year earlier.
However, the fall was smaller than analysts had been expecting, and sales at Inditex's more than 6,400 stores rose 5.6% to 8.1bn euros.
In addition, it said sales at the start of the third quarter rose 10%.