Shares in Zara owner hit record high amid strong annual sales
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Today, shares of the Spanish holding company Inditex, which includes clothing brands such as Zara, Pull & Bear, Bershka, Stradivarius, Massimo Dutti, Oysho and others, grew up in price by 6%, reaching a record high of €43.4. This happened after publications Inditex’s annual reports, in which it reported an increase in net profit by 30.3%, to €5.4 billion, which was a record for the company. Inditex sales rose 10.4% to €35.9 billion.
Experts believethat the company showed such results thanks to good sales of its spring-summer collection, especially in comparison with quite weak seasonal sales of new collections of one of its main competitors – the Swedish H&M, as well as a successful pricing policy.
Which brands continue to operate in Russia and under what conditions? Kommersant-FM material.
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