Showing posts with label profit. e-commerce. Show all posts
Showing posts with label profit. e-commerce. 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%.