Online boosts Inditex sales to surpass pre-pandemic levels
Spanish clothing giant Inditex says full-year sales in local currencies exceeded their pre-pandemic levels, amounting to EUR27.72bn.
Source: just-style.com
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Omicron cuts into sales momentum at Zara owner Inditex
The group said the impact was roughly 400 million euros (£336.7 million) over the three months to the end of January.
Source: aol.co.uk
Spread of omicron weighs on Inditex's earnings
Spanish company has difficult fourth quarter as earnings from Zara and Massimo Dutti clothing chains are hit
Source: irishtimes.com
Inditex says virus weighed down Christmas quarter
Inditex SA had a difficult fourth quarter as the spread of the Omicron variant of SARS-CoV-2 weighed on earnings from its Zara and Massimo Dutti clothing chains. Increased markdowns and higher operating costs related to the COVID-19 pandemic stripped 400 million euros (US$439 million) from profit in the three months through January, the Spanish company said yesterday. The shares were little changed in early trading, having lost one-quarter of their value in the past year. These are the last set of results under chairman Pablo Isla’s supervision as Marta Ortega, the 38-year-old daughter of I...
Source: taipeitimes.com
Fashion Heir To Helm Zara | Global Finance Magazine
The company\'s new owner Ortega Pérez has worked at the company for 15 years, starting on the shop floor of Zara on King’s Road in London.
Source: gfmag.com