23
Fashion Jobs
BEST SELLER
Payroll Coordinator Slovenia
Permanent · LJUBLJANA
JACK & JONES
Sales Representative Jack & Jones Slovenia
Permanent · LJUBLJANA
INDITEX
Svetovalec za Prodajo / Blagajnik (m/ž)
Permanent · KOPER
INDITEX
Svetovalec za Prodajo / Blagajnik (m/ž)
Permanent · LJUBLJANA
INDITEX
Svetovalec za Prodajo / Blagajnik (m/ž)
Permanent · CELJE
BEST SELLER
Business Developer
Permanent · LJUBLJANA
BEST SELLER
Finance Business Partner
Permanent · LJUBLJANA
NAME IT
Sales Representative Name IT Slovenia
Permanent · LJUBLJANA
SELECTED FEMME/HOMME
Sales Representative Selected Slovenia
Permanent · LJUBLJANA
VERO MODA
Sales Representative Vero Moda Slovenia
Permanent · LJUBLJANA
C&A
Prodajni Svetovalec 808 Koper, 40h
Permanent · KOPER
H&M
Prodajalec (m/ž) - Sales Advisor 40h
Permanent · MURSKA SOBOTA
SPORTS DIRECT
Prodajalec - Sports Direct, Btc
Permanent · LJUBLJANA
H&M
Prodajalec (m/ž) - Sales Advisor
Permanent · LJUBLJANA
JACK & JONES
Sale Assistant (Fulltime) Jack & Jones Celje City Center/Slowenien
Permanent · CELJE
JACK & JONES
Shop Manager (Fulltime) Jack & Jones Celje City Center/ Slowenien
Permanent · CELJE
JACK & JONES
Sale Assistant (Fulltime) Jack & Jones Planet Koper/Slowenien
Permanent · KOPER
JACK & JONES
Store Manager (Fullime) Jack & Jones Planet Koper / Slowenien
Permanent · KOPER
C&A
Prodajni Svetovalec 808 Koper, 40h
Permanent · KOPER
BEST SELLER
People & Culture Business Partner
Permanent · LJUBLJANA
BEST SELLER
Marketing & Communications Specialist
Permanent · LJUBLJANA
BEST SELLER
Accounts Receivable
Permanent · LJUBLJANA
By
Reuters API
Published
Jun 7, 2023
Download
Download the article
Print
Text size

Zara-owner Inditex's quarterly profit rises 54% as sale boom continues

By
Reuters API
Published
Jun 7, 2023

Zara owner Inditex on Wednesday posted a 54% rise in first-quarter profit as sales kept pace after a strong 2022, when it outperformed other retailers during a cost of living crisis.


Reuters


The world's biggest fast fashion company reported a net profit of 1.16 billion euros ($1.24 billion) for the quarter that ended in April, beating analysts' average expectations of 980 million euros in a Refinitiv poll.

Inditex, whose market capitalization exceeded 100 billion euros ($107 billion) for the first time last week, faces a challenge to keep prices competitive despite cost pressures including a 20% rise in average wages for shop workers in Spain.

In-store and online sales rose 13% to 7.6 billion euros in the first quarter, slower than in the first six weeks of the 2023 financial year. Rival H&M had struggled to compete for shoppers impacted by a cost of living crisis. H&M's sales had also been hit by bad weather in its home market.

Inditex, which also owns Pull&Bear and Massimo Dutti, had said its sales between Febuary 1 and March 13 were up 17.5% from the same period a year earlier, excluding its Russia operation.

Part of Inditex's strategy is to maintain higher prices outside the Eurozone. In countries such as the United States, Mexico or Saudi Arabia some clothes are up to 91% more expensive than in its home market.

Lower demand in the U.S. caused by a tougher macro environment has been offset by less weather-affected sales in southern Europe.


 

© Thomson Reuters 2024 All rights reserved.