Inditex, owner of fashion retailer Zara, says store sales are recovering as it returns to profit in the second quarter
Inditex, which also owns the Massimo Dutti and Bershka brands, said 98% of its stores had reopened and that current trade showed a progressive return to normality with online sales growing sharply and store sales recovering.
Inditex shares rose 5% on Wednesday morning, adding to gains booked on Tuesday after Swedish rival H&M beat quarterly profit forecasts. Inditex reported a second-quarter net profit of 214 million euros , beating the 96 million euro mean forecast from Refinitiv’s SmartEstimate model, which is weighted towards more recent estimates and higher-ranked analysts.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Queen Letizia of Spain reveals gym-honed arms in stunning recycled Zara topQueen Letizia of Spain looked sensational in a sleeveless Zara top – and it cost just £25.99!
Weiterlesen »
Sam Thompson and Zara McDermott's painful split to 'play out on Made In Chelsea'Sam Thompson and Zara McDermott's break up will reportedly unfold in a series of gutting scenes to air on Made In Chelsea
Weiterlesen »
H&M’s Coronavirus Recovery Beats ExpectationsThe Swedish fashion retailer said its recovery from the pandemic-led slump in retail had been better than predicted, prompting shares in the company to soar 12%.
Weiterlesen »
H&M bounces back from coronavirus slumpSweden's H&M , the world's second-biggest fashion retailer, beat quarterly profit forecasts as it recovered more quickly than expected from a coronavirus-induced slump, in a positive sign for the industry.
Weiterlesen »
Home Depot co-founder: 'I'm a capitalist' but business has to think about planet, not just profit'If you don't care about people, profit and the planet at the same time, profitability by itself isn't really enough,' the Atlanta Falcons owner said.
Weiterlesen »