Commodities

Inditex H1 net rises as sales close to pre-pandemic levels

Credit: REUTERS/YVES HERMAN

The owner of fashion brand Zara, Inditex, said on Wednesday it booked a 1.27 billion euros profit in the first half of the year as sales approached pre-pandemic levels on higher global demand for fashion apparel.

MADRID, Sept 15 (Reuters) - The owner of fashion brand Zara, Inditex ITX.MC, said on Wednesday it booked a 1.27 billion euros profit in the first half of the year as sales approached pre-pandemic levels on higher global demand for fashion apparel.

The first semester net profit was higher than the 195 million loss the fashion giant registered in the same period in 2020 but still 17.5% lower than in 2019.

The Spanish retailer's sales were close to pre-pandemic levels as most stores reopened and people longed to renew their wardrobe after closures imposed to curb the pandemic.

(Reporting by Corina Pons, editing by Inti Landauro)

((Inti.Landauro@thomsonreuters.com;))

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