Middle East disruptions lifted Inditex’s transport and input costs in the first half, affecting gross margin and operating expenditure in the second quarter.
The Zara owner has 480 franchise stores in the Middle East, all open, but geopolitical conditions are impacting regional sales.
First-half gross margin rose 40 basis points to 58.7 per cent, while net income increased 6.8 per cent to €3.Middle East disruptions lifted Inditex’s transport and input costs in the first half, affecting gross margin and operating expenditure in the second quarter.
The Zara owner has 480 franchise stores in the Middle East, all open, but geopolitical conditions are impacting regional sales.
First-half gross margin rose 40 basis points to 58.7 per cent, while net income increased 6.8 per cent to €3.
