Reported 6 months ago
Spanish retail giant Inditex, the owner of Zara, reported a 12% rise in sales for the period between May 1 and June 3 compared to the same time last year due to a pick-up in Spring/Summer collections. The company's quarterly results met expectations with a 7% sales increase for the first quarter. Inditex aims to expand its market share by investing in logistics, technology, and new services such as livestream shopping, with plans to increase store selling space and launch new services in markets like the US and Britain following success in China.
Source: YAHOO