Zara owner Inditex says store sales recovering as it returns to profit


- AFP pix

MADRID: The owner of fashion retailer Zara, Inditex, returned to quarterly profit in the three months from May to July despite a 31% fall in sales as the coronavirus crisis kept consumers away from city centre shopping districts.

Inditex, which also owns the Massimo Dutti and Bershka brands, said 98% of its stores had reopened and that current trade showed a progressive return to normality with online sales growing sharply and store sales recovering.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Zara , Inditex , Massimo Dutti

   

Next In Business News

Chicago City Council passes US$17bil budget
Poh Kong 1Q earnings rise to RM21mil
Driving Asean connectivity
Improvement in sales orders set to buoy Hartalega
Foreign CEOs confidence in China falls
Sunway Property unveils Serene Villas project
Scanwolf wins RM6mil construction job
Central banks expected to announce rate cuts
Policy shift designed to spur growth, official says
Public Bank in Jati Tinggi solar tie-up

Others Also Read