Inditex Tag

Inditex Profits Gain PARIS – Zara parent company Inditex is showing resilience amid global economic jitters. Inditex Profits Gain The Spanish fast-fashion company reported net profits rose 24 percent in the primary nine month of the fiscal 12 months, reaching 3.1 billion euros. Between Nov. 1 and Dec. 8, store and online sales increased 12 percent at constant exchange rates versus the identical period in 2021. “In the present difficult context, these results clearly reflect the strength of our unique business model: fashionable collections, an appealing shopping experience and a team highly committed to achieving profitable and more sustainable growth,” said Inditex chief executive officer Oscar Garcia Macieras. EBITDA in the primary nine months was up 20 percent to six.5 billion euros. This all comes as...