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Zara owner Inditex posts sales and profit growth

In the nine month period, Zara owner Inditex recorded sales growth of 7.1 percent to reach 27.4 billion euros. The Spanish group, who also owns other brands such as Massimo Dutti, Pull & Bear and Bershka reported gross profit increase of 7.2 percent to 16.3 billion euros, while gross margin reached 59.4 percent, up 4 bps. The company said in a...

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Inditex's challenge: Can it continue selling more while polluting less?

Recent reports by Reuters have accused Spanish fashion giant Inditex of increasing air freight shipments from its supplier factories in India to its logistics centres in Spain by as much as 70 percent. This increase in air freight, and its associated environmental impact, calls into question the company's ability to continue growing and...

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