By  on March 13, 2019

Zara owner Inditex projected stable margins and ongoing international expansion in the coming year, following the release of earnings that missed expectations as the company doubled down on weeding out smaller stores in its network.

“We decided to accelerate the number of ‘absorptions’ because we believe that the competitive environment requires that, a strong combination of very important flagships and online,” said Inditex chairman and chief executive officer Pablo Isla, speaking about the past year in a conference call with analysts on Wednesday.

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