World’s largest fashion group reports heavy losses

World’s largest fashion group reports heavy losses

Inditex, the company which owns Zara, reported a net loss of 409 million euros ($465 million) for February through April, in comparison with a net profit of 734 million euros over the same period in 2019. The loss came despite a 50% increase in online sales in the first quarter and a 95% jump in online sales in April. Inditex expects online sales to grow substantially

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Wed Jun 10 - CNBC

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