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Zara owner Inditex lifts sales forecasts on warm autumn range reception

Reuters  |  MADRID 

By Sonya DowsettMADRID (Reuters) - Zara owner Inditex said on Wednesday its autumn clothing collections had been well received and forecast a second-half sales rise of up to 6 percent and improved profitability, despite a strong euro.The world's biggest clothing retailer, which is controlled by Europe's richest man, Amancio Ortega, said customers had welcomed its latest ranges, featuring items such as printed dresses with embroidery and corduroy coats.Despite strength in the euro against its key currencies, Inditex said net profit was 1.41 billion euros, in line with analyst forecasts, on ...

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First Published: Wed, September 12 2018. 16:31 IST
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