financetom
Business
financetom
/
Business
/
Zara owner Inditex's profit rises to 5.4 billion euros in 2023 on bet on upmarket fashion and competitive prices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Zara owner Inditex's profit rises to 5.4 billion euros in 2023 on bet on upmarket fashion and competitive prices
Mar 13, 2024 12:03 AM

(Corrects headline to show profit rose, not rose/fell)

MADRID (Reuters) - Zara owner Inditex said on Wednesday its net income for 2023 rose to 5.4 billion euros as the fast-fashion giant bet on upmarket shoppers and offered more competitive prices than rivals such as H&M.

The company's profit for the fiscal year ending in January was in line with analyst expectations in an LSEG poll.

(This story has been corrected to specify that profit rose, in the headline)

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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved