Business Desk
Zara-owner Inditex doubles pre-tax profits in China despite store closures
Inditex closes 50 stores in China, doubling pre-tax profits to 241 million euros.
Source: Pexels
Inditex shrinks its global store footprint, focusing on flagship outlets and online sales growth.
Source: Pexels
Inditex adopts a digital-first strategy in China, launching livestream experiences on Douyin.
Source: Pexels
Online sales boost Inditex's profits, reaching 9.1 billion euros, or a quarter of total sales.
Source: Pexels
Inditex's China success contrasts with the US, where pre-tax profits fell 7%.
Source: Pexels