Zara owner Inditex posts sales and profit fall in ‘challenging year’
Inditex posted a net profit of €1.1bn (£940m) in the year to January 31, down from €3.6bn the previous year.
The fashion titan, which posted its first ever quarterly loss during the financial year, attributed its return to profitability to the resilience of its ecommerce business, having delivered a €1.3bn net profit during the second half of the financial year.
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