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ZARA

Inditex delivers Euro 866 million net profit in the third quarter, and reaches historic net cash position

8 mins read

The FINANCIAL -- According to Inditex, the company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of Euro 671million in the nine months of FY20, Euro 866 million in the third quarter. Despite 5% of the stores closed in 3Q and ongoing trading restrictions affecting 88% of the store network, the sales trend has continued to improve: sales declined by 14% (10% in cunstant currencies) in 3Q20, compared to reductions of 31% in 2Q20 and 44% in 1Q20.…

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Inditex delivers Euro 866 million net profit in the third quarter, and reaches historic net cash position

8 mins read

The FINANCIAL -- According to Inditex, the company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of Euro 671million in the nine months of FY20, Euro 866 million in the third quarter. Despite 5% of the stores closed in 3Q and ongoing trading restrictions affecting 88% of…

Inside Zara Home Tbilisi

1 min read

ZARA, one of the leading retailers in Georgia added Zara Home store to its retail network. Tako Khelaia of The FINANCIAL were attending store opening last week. Watch video to see what ZARA HOME offers to home lovers.  Zara Home incorporates the latest ideas and designs into everyday living. Recognising that fashion is as much about…