Spanish retailer Inditex books 421 million euro revenue in first quarter By Reuters
© Reuters. FILE PHOTO: A employees member types garments inside a clothes retailer of Inditex’s Zara model at a newly opened shopping center in Beijing, China April 16, 2021. REUTERS/Tingshu Wang/File Photograph
LISBON (Reuters) – Spanish retail large Inditex (MC:) reported a primary quarter internet revenue of 421 million euros ($512.74 million) on Wednesday, beating analysts’ expectations however nonetheless a 3rd beneath pre-pandemic ranges in the identical February-April interval.
Web gross sales reached 4.9 billion euros, 25% greater than within the first quarter of 2020 however nonetheless beneath 2019 ranges of 5.93 billion euros.
On-line gross sales have been up 67% from final 12 months as lockdowns saved shops internationally closed or working underneath capability for a lot of the quarter as a consequence of pandemic-related restrictions.
($1 = 0.8211 euros)
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