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Zara owner Inditex, the worlds biggest fashion retailer, on Wednesday reported its highest-ever profits in 2023 thanks to buoyant sales and its policy of raising prices. Its net profit reached 5.4 billion euros ($5.9 billion) last year, up 30 percent from 4.1 billion euros in 2022 ..
Zara owner Inditex, the world's biggest fashion retailer, promised shareholders a record dividend on Wednesday after posting its highest-ever profits last year despite a complicated global backdrop.Given the results, the retail giant said it would pay shareholders a dividend of 1.54 euros, a 28 percent increase from 2022, and the highest in the group's history.
Despite loud promises at the start of the Russian full-scale invasion in Ukraine, only 372, or 10%, of global companies have completely left the Russian market, the Kyiv School of Economics (KSE) reported on March 7.
Unlike other major retailers, Inditex doesn't share the names of its suppliers - a stance that makes investors nervous. Investors are putting pressure on…
The youngest consumers can't yet drive themselves to the shops. It won't stop them from buying like their millennial parents.