A Zara stabil növekedést mutat a pénzügyi év első negyedévében

By: Trademagazin Date: 2024. 06. 05. 11:14

Inditex, the owner of the world-famous Zara, achieved a 7% increase in turnover in the first quarter of the financial year, which is in line with the results expected by analysts. Although this growth rate is slower than the previous year’s post-pandemic buying wave, it still indicates the company’s market stability and adaptability.

Inditex, which also owns other popular brands such as Pull&Bear and Massimo Dutti, has excelled in the fashion industry, which means a series of constant changes and challenges. Sales in the first quarter of this year amounted to 8.15 billion euros, slightly exceeding the average of 8.1 billion euros assessed by LSEG. This success is partly due to investments in new store and online experiences, which further strengthened consumer interest.

The company faces not only traditional rivals such as H&M and Primark, but also new challengers such as Shein and Temu. These Chinese online retailers are attracting attention with aggressive pricing and fast fashion offerings, putting significant competitive pressure on Inditex.

Although the increase in net profit by 11%, to 1.29 billion euros, was smaller than the 54% increase in the first quarter of last year, Inditex is positive about the coming months. According to their information, between May 1 and June 3, sales increased by 12%, which proves the continued market strength and adaptability.