Reported 1 day ago
Inditex, the parent company of Zara, announced a 9% increase in autumn sales from August 1 to September 8, marking a recovery from previous slow growth and increasing its stock value by 6%. Despite facing challenges from a weaker U.S. dollar and tariffs affecting consumer spending, CEO Oscar Garcia Maceiras highlighted the company's robust sales model. The company remains optimistic about its second-half performance, while investors are reassured by steady gross margins despite market uncertainties.
Source: YAHOO