MADRID (Reuters) – Zara owner Inditex on Wednesday said its net profit rose 27% in 2022 after sales exceeded pre-pandemic levels as the company raised prices to mitigate inflation and benefited from shoppers buying more fashion when restrictions ended.
In-store and online sales for the world’s biggest fashion retailer reached 32.56 billion euros, 17.5% more than the 27.71 billion euros posted last year and higher than in 2019.
(Reporting by Corina Pons, edited by Inti Landauro)
