Zara owner Inditex reports strong start of holiday shopping season

Revenue growth in the period which includes the key Black Friday sales was slower than a year ago but was faster than during the first nine months.

© Reuters. FILE PHOTO: Shoppers walk past a Zara clothes store, part of the Spanish group Inditex, in Las Palmas de Gran Canaria, Spain, December 13, 2022. REUTERS/Borja Suarez/File Photo

The fashion giant reported February-to-October sales that rose 7% to 27.4 billion euros ($28.84 billion) from a year earlier, missing the consensus estimate for 8% sales growth.

($1 = 0.9500 euros)

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