financetom
Business
financetom
/
Business
/
Zara owner Inditex reports strong start of holiday shopping season
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Zara owner Inditex reports strong start of holiday shopping season
Dec 10, 2024 11:13 PM

MADRID (Reuters) - Zara owner Inditex reported strong trading over the start of the holiday season, with revenues 9% in the six weeks to Dec. 9 as the world's biggest fast-fashion retailer kept drawing in shoppers even as rivals struggled.

Revenue growth in the period which includes the key Black Friday sales was slower than a year ago but was faster than during the first nine months.

The fashion giant reported February-to-October sales that rose 7% to 27.4 billion euros ($28.84 billion) from a year earlier, missing the consensus estimate for 8% sales growth.

($1 = 0.9500 euros)

(Reporting by Corina Pons in Madrid and Helen Reid in London; editing by Charlie Devereux and Inti Landauro)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Avidity Biosciences Closes $690 Million Share Offering
Avidity Biosciences Closes $690 Million Share Offering
Sep 15, 2025
04:20 PM EDT, 09/15/2025 (MT Newswires) -- Avidity Biosciences ( RNA ) said Monday it closed its underwritten public offering of nearly 17.3 million shares, including about 2.3 million shares sold under the underwriters' full exercise of an option to buy additional shares, at $40 per share, for gross proceeds of $690 million. The company said it intends to use...
Urgent-Canada's antitrust regulator to review Anglo-Teck merger
Urgent-Canada's antitrust regulator to review Anglo-Teck merger
Sep 15, 2025
TORONTO, Sept 15 (Reuters) - Canada's antitrust regulator will review the proposed merger of Anglo American with Teck Resources ( TECK ), the regulator said on Monday. I can confirm that the proposed Teck-Anglo merger will be reviewed by the Competition Bureau, Marianne Blondin, senior communications advisor at the competition bureau in Canada said in an emailed statement. (Divya Rajagopal...
High Tide Fiscal Q3 Revenue Rises
High Tide Fiscal Q3 Revenue Rises
Sep 15, 2025
04:22 PM EDT, 09/15/2025 (MT Newswires) -- High Tide (HITI) reported fiscal Q3 earnings late Monday of CA$0.01 ($0.007) per diluted share, the same when compared to a year earlier. Four analysts surveyed by FactSet expected a loss of CA$0.01. Revenue for the quarter ended July 31 was CA$149.7 million, up from CA$131.7 million a year earlier. Analysts polled by...
Viasat Insider Sold Shares Worth $3,099,900, According to a Recent SEC Filing
Viasat Insider Sold Shares Worth $3,099,900, According to a Recent SEC Filing
Sep 15, 2025
04:18 PM EDT, 09/15/2025 (MT Newswires) -- Richard A Baldridge, Director, on September 11, 2025, sold 100,000 shares in Viasat ( VSAT ) for $3,099,900. Following the Form 4 filing with the SEC, Baldridge has control over a total of 252,161 common shares of the company, with 55,000 shares held directly and 197,161 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/797721/000119312525203563/xslF345X05/ownership.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved