Zara owner Inditex reports strong start of holiday shopping season
Zara owner Inditex reports strong start of holiday shopping season
Published by Global Banking and Finance Review
Posted on December 11, 2024

Published by Global Banking and Finance Review
Posted on December 11, 2024

MADRID (Reuters) - Zara owner Inditex reported strong trading over the start of the holiday season, with revenues 9% in the six weeks to Dec. 9 as the world's biggest fast-fashion retailer kept drawing in shoppers even as rivals struggled.
Revenue growth in the period which includes the key Black Friday sales was slower than a year ago but was faster than during the first nine months.
The fashion giant reported February-to-October sales that rose 7% to 27.4 billion euros ($28.84 billion) from a year earlier, missing the consensus estimate for 8% sales growth.
($1 = 0.9500 euros)
(Reporting by Corina Pons in Madrid and Helen Reid in London; editing by Charlie Devereux and Inti Landauro)
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