US News

Zara owner Inditex sales rebound to top pre-pandemic levels

Published by
Reuters

MADRID (Reuters) – Fashion brand Zara owner Inditex rebounded with an 850 million euro second-quarter profit on Wednesday as sales topped pre-pandemic levels, outshining Swedish rival H&M. The world’s biggest fashion retailer’s sales bounced back and slightly surpassed the level seen before the pandemic as most stores reopened and people rushed to renew their wardrobe after store closures imposed to curb the spread of the virus. The Spanish company’s second-quarter net profit was higher than the 214 million euros ($181.14 million) booked in the same period in 2020 and 4% higher than the profit…

Read More

Facebook Comments

Check Also

Stock Futures Fall on Chinese Property Fears

Jump To The Original Source

Archives