Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026
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Inditex, owner of Zara, reports a 9% revenue increase at the start of the holiday season, outperforming rivals despite slower growth than last year.
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)
The article discusses Inditex's strong start to the holiday shopping season with a 9% revenue growth.
Inditex reported a 9% revenue growth during the holiday season, including Black Friday sales.
Inditex's sales rose 7% to 27.4 billion euros from February to October.
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