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14 Dec

Inditex Profits Gain 24 Percent in First 9 Months

Inditex Profits Gain
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...
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15 Nov

Beauty Sales Surge 15 Percent in Q3 Across Makeup,

Beauty Sales Surge 15 Percent in Q3 Across Makeup,
Prestige beauty sales proceed to rise, whilst the specter of a possible global recession looms. In keeping with data from The NPD Group, prestige beauty sales within the U.S. grew to $6 billion within the third quarter, a 15 percent increase versus 2021’s third quarter. “Unit sales and revenue are each growing by double digits for beauty products sold within the prestige market, indicating that customers are indulging in beauty products this yr,” said Larissa Jensen, beauty industry adviser, The NPD Group, in an announcement. NPD reports that makeup sales officially surpassed pre-pandemic 2019 levels through the third quarter, posting $2.1 billion in total sales, with lip makeup ruling because the fastest-growing segment for the quarter, growing 32 percent. Despite having...
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