Reported about 13 hours ago
Inditex, the parent company of Zara, is optimistic about its growth in the U.S. despite challenges posed by tariffs and a drop in consumer demand, according to CEO Oscar Garcia Maceiras. At an annual press conference, he expressed confidence in the company's business model to navigate the evolving market landscape, indicating that they plan to maintain stable prices while adapting to new tariffs. Although the Americas accounted for a diminishing share of global sales in 2024, Garcia Maceiras emphasized the company's broad sourcing strategy from 50 countries positions it well for future growth in its second-largest market.
Source: YAHOO