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Zara owner Inditex SA reported a rise in sales and profit as shoppers flocked to the fashion giant’s stores despite persistent economic uncertainty.
The Spanish retailer, which also owns the Massimo Dutti and Bershka chains, on Wednesday said net profit for the nine months to Oct. 31 rose 24% from a year earlier to 3.1 billion euros, equivalent to $3.3 billion. Sales increased 19% to €23.1 billion, topping the €19.8 billion it reported for the same period in prepandemic 2019.
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