Tags: EU | Spain | Earns | Inditex

Zara Store Owner Sees Solid Profit Growth in H1

Wednesday, 20 September 2017 05:35 AM

MADRID (AP) — Spanish fashion retailer Inditex, which owns the Zara stores, says its net profit jumped by 9 percent in the first half of its fiscal year, following strong growth in online and in-store sales.

The world's largest clothes retailer said Wednesday that net profit for February through July rose to 1.37 billion euros ($1.64 billion) compared with 1.26 billion euros for the period last year.

It said sales rose 12 percent to 11.7 billion euros.

Inditex said all its store brands registered growth in the period.

Founded in 1975 by Amancio Ortega, Inditex operates eight brands including Massimo Dutti, Bershka and Pull & Bear. It has 7,405 stores worldwide.

Inditex shares were down 2.5 percent at 32 euros in early trading in Madrid.

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Spanish fashion retailer Inditex, which owns the Zara stores, says its net profit jumped by 9 percent in the first half of its fiscal year, following strong growth in online and in-store sales.The world's largest clothes retailer said Wednesday that net profit for February...
EU,Spain,Earns,Inditex
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2017-35-20
Wednesday, 20 September 2017 05:35 AM
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