Zara owner trumps H&M in battle of world’s top fashion retailers

zara owner trumps hm in battle of worlds top fashion retailers

Sumary of Zara owner trumps H&M in battle of world’s top fashion retailers:

  • Zara ower Inditex has stolen a march on arch-rival H&M after sales and profits soared to record highs.
  • Inditex surged ahead in the battle between the world’s two biggest fashion retailers as sales hit £6billion in the three months to July.
  • This was 7 per cent above the same period of 2019.By contrast, sales of £4.7billion at H&M in the three months to the end of August were down 11 per cent on the pre-Covid equivalent two years earlier.
  • The right look: Inditex surged ahead in the battle with arch-rival H&M as sales hit £6bn in the three months to July.
  • This was 7 per cent above the same period of 2019Profits at Spanish group Inditex, which also owns Massimo Dutti and Bershka, rose to £726million as online sales soared and shops stayed open in key markets.
  • This speeds up the time it spends completing online orders because it can send goods from stores rather than just warehouses.
  • ‘As restrictions have been eased, sales in store have picked up in many markets while online sales have continued to increase.
  • ‘Store reopenings have boosted retailers since tough restrictions were lifted across the West – but online sales are still growing.

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