Remove Accounting Remove Fast Fashion Remove Net Profit
article thumbnail

Zara owner Inditex misses Q1 sales estimates despite growth

Retail Gazette

rise in first-quarter sales to €8.27bn (£7.3bn), falling short of analyst expectations of €8.36bn, as the fast-fashion giant faces a more cautious consumer environment. and delivered a net profit of €1.31bn (£1.16bn), up marginally year-on-year. Zara owner Inditex reported a 1.5%

article thumbnail

Online drives H&M profit recovery – but sales still lag pre-Covid era

Inside Retail

H&M grew its online business by 24 per cent last year to the point e-commerce now accounts for about one-third of its total sales. In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5 billion.