No end in sight for fast fashion’s success
Giants of fast fashion H&M and Inditex are, once again, reporting high revenues.
For the first nine months of its current business year, the period ending October 31, Inditex reported revenues of €23.1 billion, an increase of 19% year on year.
For its part, H&M has reported provisional figures for its full business year, which ended on November 30. The figure it gave was equivalent to €20.5 billion at current exchange rates, an increase of 12% year on year. It will publish complete figures in January.