Inditex sales and profits jump in face of rising international costs
Spanish fashion giant Inditex posted an 11% jump in sales, but a more modest profit increase as inflation pushed up the cost of goods.
For the three months to the end of September, Inditex reported sales of €8.2bn (£7bn) while the cost of sourcing its clothing rose slightly faster, increasing 13% year on year to €3.2bn (£2.75bn) despite its “rigorous” control of operating expenses.
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