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Zara-owner Inditex's H1 gross margin eroded by strong euro

It posted a 9% higher profit of 2.29 billion euros before interest, tax, depreciation and amortisation

Inditex's business model of responding to catwalk trends in small batches of apparel which are not replaced when they sell out has helped it consistently outperform rivals such as Sweden's H&M.


INDITEX, the world's biggest clothing retailer and owner of the Zara brand, posted a 9 per cent rise in first-half profit but gross margin as a percentage of sales slipped from the year-ago period due to the stronger euro.

The Spanish company, which also owns teen brand...

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