Spanish fashion giant Inditex posted an increase in profits and sales in its first quarter, which it credits to a positive performance across “all geographical locations” and its spring/summer collections resonating with shoppers.
Inditex reported a 14% increase in gross profit to €4.6bn (£3.96bn) as well as a 14% increase in EBITDA to €2.2bn (£1.89bn) for the three months to April 30, 2023.
The fashion retailer, which owns brands including Zara, Bershka and Oysho, also posted a 13% increase in sales to €7.6bn (£6.54bn) for the period.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.