INDITEX expands
From the company producing ZARA and other brands within the group, they reported an 11.1% increase in sales from February to October 2023, compared to the same period of the previous year. The businesses performed well in both physical stores and online channels, as well as in all regions of the world where it has a presence.
Some of the factors that determined this positive result were the favorable exchange rate with the dollar and more stable supply chains.
In this regard, to the over € 25 billion raised, new stores in 36 markets are added, and a decrease in inventory by 5% until October 31st.