Sales at Zara owner Inditex top pre-pandemic levels as customers return stores and online sales soar
The owner of Zara said sales have recovered in the last five weeks and were ahead of pre-pandemic levels.
Inditex, the world’s biggest fashion retailer, said sales between May 1 and June 6 were more than double the same period last year, and 5 per cent ahead of 2019.
In the depths of the pandemic the company, which has 100 UK shops, closed up to 1,200 stores around the world.
Zara-owner Inditex, the world’s biggest fashion retailer, said sales between May 1 and June 6 were more than double the same period last year, and 5 per cent ahead of 2019
But chairman Pablo Isla said: ‘Week after week we are seeing store traffic recovering.’
Revenue for the three months to April jumped 48 per cent to £4.2billion, compared to 2020, although remained 17 per cent below pre-pandemic levels.
It recorded a profit of £361.9million, around a third below levels a year ago.
The figures were buoyed by a two-thirds jump in online sales, offsetting the impact of enforced closures. Most stores are now open and shopper numbers are rising.
Yesterday, US chain Gap said it will close 19 stores in the UK, with another 50 stores under review.
Its parent company closed all its Banana Republic shops in the UK three years ago.