Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Zara Owner Pulls in $1.3B 2020 Profit, Even with 30% of Stores Closed

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Fast fashion giant Inditex saw net profit of 1.1 billion euros ($1.3 billion) for the period from Feb. 1, 2020 to Jan. 31, 2021, plunging drastically from the 3.6 billion euros ($4.6 billion) earned through 2019, a nearly 70 percent decline. The Spanish company, most known for its Zara brand, saw 2020 net sales of…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands