A shopper carries a bag from a Zara clothes store, part of the Spanish Inditex group, in Bilbao, Spain, November 30, 2021. REUTERS/Vincent West/File Photo
Zara owner Inditex said on Wednesday its net profit jumped 32.5% jump in February-October, but the fast fashion giant’s sales growth in the nine-month period slowed down from a year ago amid tougher times for consumers.
The world’s biggest fashion retailer said its net profit rose to 4.1 billion euros ($4.42 billion) in line with analysts, most of whom are still betting on the company’s ability to sell fashion faster and drawing more aspirational shoppers.
($1 = 0.9276 euros)
Reporting by Corina Pons, editing by Inti Landauro
