Zara owner Inditex bucks retail trend as sales boom - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Fashion giant Zara’s owner Inditex reported an 80% jump in quarterly profit on the back of soaring sales as consumers revamped their wardrobes after months spent stuck at home during the pandemic lockdowns. Zara

Zara's logo is displayed on a window, at one of the company's largest stores in the world, in Madrid, Spain.Zara's logo is displayed on a window, at one of the company's largest stores in the world, in Madrid, Spain.

Zara has benefited from successfully passing on higher prices to shoppers despite a cost of living crisis squeezing margins at other retailers. U.S. retailer Target is offering deep discounts to clear unwanted inventory, it said on Tuesday, hitting shares in global retailers. The ongoing recovery in Britain, Europe and the United States helped Inditex make up for part of the lost revenue in Russia after the company closed its 502 shops there in March following Moscow’s February 24 invasion of Ukraine.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa's Payfast Launches New Initiative to Upskill Aspiring Business Owners - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsSouth African online payment gateway firm PayFast has launched a 12-week development programme with Heavy Chef’s entrepreneur education non-profit – the Heavy Chef Foundation. The new initiative is designed to empower aspiring business owners with the skills needed to set up their own e-commerce stores. According to Heavy Chef, more than 42% of emerging South […]
Source: ITNewsAfrica - 🏆 27. / 59 Read more »