zara owner inditex profits up on strong sales
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Zara owner Inditex profits up on strong sales

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleZara owner Inditex profits up on strong sales

Zara
london - Muslimchronicle

Spain's fashion retail giant Inditex said Wednesday its net profit rose 6.0 percent in the first nine months of its fiscal year on the back of stronger sales and its international expansion.

The company, the owner of the popular brand Zara and one of the world's largest fashion retailers, posted net profit of 2.34 billion euros ($2.7 billion) in the February to October period, up from 2.2 billion euros in the same period a year earlier.

The results were in line with analysts' expectations, but they represented a slowdown from the 9.0 percent increase in net profit posted during the previous nine-month period.

Net sales overall climbed 10 percent to 17.96 billion euros as Inditex expanded in all markets, mostly in Asia, and introduced same-day delivery of online purchases in six cities.

During the first nine months, Inditex opened 212 stores in 52 markets, including new flagship stores in Madrid, Mumbai, Shanghai and Hanoi.

Based in Arteixo, a small town in the northwest of Spain, Inditex makes over half of its clothes in factories close to its main markets --- in Spain, Portugal, North Africa, Turkey and Eastern Europe.

This business model allows it to get clothes to stores much faster than its rivals, who prioritise low production costs and outsource manufacturing to China, and it can react more quickly to shifting consumer tastes to avoid excess inventory.

The company -- whose brands include Zara, Massimo Dutti, Pull&Bear, Bershka and Oysho -- owns 7,504 shops in 94 countries.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

zara owner inditex profits up on strong sales zara owner inditex profits up on strong sales

 



Themuslimchronicle, themuslimchronicle

GMT 09:23 2017 Wednesday ,19 April

1105 food baskets distributed in Yemen

GMT 09:35 2018 Monday ,08 January

Trump marijuana policy reversal stokes fears

GMT 11:09 2017 Saturday ,16 December

Russia poses risk to undersea cables: UK defense chief

GMT 09:56 2017 Thursday ,02 November

Digital subscriber gains rev up NY Times profit

GMT 01:38 2016 Thursday ,29 December

Iraqi President meets Kuwaiti Foreign Minister

GMT 17:37 2017 Tuesday ,21 February

Le Pen refuses to wear veil, fails to meet with Mufti

GMT 01:48 2016 Monday ,13 June

Pioneering solar pilots 'make sci-fi a reality'

GMT 18:45 2016 Wednesday ,21 December

Several Qaeda militants killed in drone strike

GMT 07:28 2018 Thursday ,11 January

As US freezes aid, Pakistan dismisses economic fears

GMT 11:14 2017 Sunday ,12 March

My video is flagrant but smashed the charts

GMT 09:21 2018 Wednesday ,10 January

unveils London boutique and appoints MG Empower

GMT 07:48 2018 Thursday ,04 January

L’Oréal Professionnel unveils Alexa

GMT 07:41 2017 Saturday ,19 August

Brief tourism impact from Spain attacks

GMT 00:02 2017 Friday ,22 December

UK-Iranian prisoner could be released

GMT 21:53 2016 Tuesday ,14 June

Israeli tech second only to Silicon Valley

GMT 00:25 2017 Friday ,27 October

Ex-HSBC executive can face US extradition: UK court

GMT 07:44 2017 Wednesday ,20 September

Iran asks award-winning film-maker to report to prosecutor

GMT 10:34 2017 Saturday ,11 November

Politics free? Even country music awards poke Trump

GMT 07:59 2017 Sunday ,17 December

Embassy in London marks Accession, National Days
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle