Wednesday, September 12, 2018

Zara’s Upbeat Outlook Eases Concerns About Online Competition

The Wall Street Journal
Zara’s parent company on Wednesday said it would continue to expand online as it reported upbeat first-half results versus competitors and gave a positive outlook, helping the world’s largest fashion retailer allay investor concerns it can’t keep pace with online-only rivals.

Inditex SA, whose brands also include Massimo Dutti and Pull&Bear, said sales at stores open for at least a year rose 4% in the six months to July 31 and that it expected comparable sales growth of 4% to 6% in the second half. While that’s below recent years, when Zara was notching up to 10% year-over-year growth, it is stronger than many peers.. . . more