Good Times ahead in Retail!
Is this the start of a strong year for Retailers throughout the world? Heres hoping! With Zara owner Inditex posting a 10 per cent rise in its fiscal quarter and H&M a rise of 2% year on year, clothing sales are on the up.
We are delighted to see that H&M has resisted passing on rising costs to their consumers, conscious of its market share and low price image,
Inditex, the brainchild of Spain's richest man Amancio Ortega who is still the main shareholder, has reduced the proportion of sales in its crisis-hit domestic market through expansion into new markets like Asia and eastern Europe.
They are tipped to post first quarter profit of 327 million euros and an 11 percent sales hike to 2.96 billion, according to a Reuters poll. Delighted that were recruiting for them both!!