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Inditex seizes growth opportunities as competitors falter

Article by Rachel Wolff  |  Sep 11, 2024
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Inditex seizes growth opportunities as competitors falter
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Apparel & Accessories
Retail Sales
Worldwide

The news: Zara parent Inditex reported an uptick in sales so far in Q3 after rainy weather in Europe dampened its Q2 performance.

  • Constant-currency sales rose 11% year over year (YoY) in the five weeks ended September 8, up from 7.2% YoY in the first half of 2024.
  • Despite difficult operating conditions in Q2, Inditex’s operating profits rose 12% YoY in H1 2024 to €3.6 billion ($3.9 billion), beating expectations for €3.5 billion ($3.8 billion).

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