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Evening Standard
Evening Standard
Business
Michael Hunter

Fast-fashion customers stick with Zara as sales and profits rise at its owner Inditex

Zara’s Oxford Street store in London

(Picture: Getty Images)

The company behind the fast fashion chain Zara reported a rise in sales and profits for much of 2023 after selective price rises made in the autumn did not seem to deter shoppers.

Inditex, the world’s largest clothing retailer, said sales in the nine months to the end of October rose almost a fifth to just over €23 billion (£20 billion) with profits also up by a fifth to €6.5 billion.

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