Zara

Zara owner Inditex SA reported a rise in sales and profit as shoppers flocked to the fashion giant’s stores despite growing 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. Zara owner…

Online retailer Shein is on track to generate revenue of $24 billion this year, according to people close to the company, putting it within striking distance of the world’s largest fast-fashion giants—just a decade since its founding.Shein, which was started in China and is now based in Singapore, has grown rapidly thanks to a unique business model that has enabled the company to sell a large assortment of apparel at ultralow prices and respond quickly to shifting fashion trends. Women’s tops retail on its website for as…