Inditex Stock Spikes By 7% As Zara’s Fast Fashion Strategy Flies

Zara was on top form in the fast fashion market in the quarter ending April, enabling Spanish owner Inditex to lift global net revenue by 15% to €7.6 billion ($8.1 billion) on a like-for-like basis, with operating income surging by 43% to €1.5 billion ($1.6 billion). The high sales growth outpaced…

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