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.

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.

United States United States Latest News, United States United States 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 »