URBN vs. IDEXY: Which Stock Is the Better Value Option?
Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced COVID-19 lockdowns, while profit ballooned in the Americas, the fashion retailer's annual report showed on Thursday. Inditex, the world's biggest fashion retailer, reported record annual sales on Wednesday. It has been expanding in the United States and downsizing in China, which in 2019 was its second-biggest single market after Spain, delivering 8% of the group's pre-tax profit.
The world’s largest fashion group revealed that earnings increased by a fifth to 8.6 billion euros (£7.6 billion) in 2022.