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MADRID, March 15 (Reuters) – Zara owner Inditex ITX.MC on Wednesday said its net profit rose 27% in 2022 after sales exceeded pre-pandemic levels as the company raised prices to mitigate inflation and benefited from shoppers buying more fashion when restrictions ended.
In-store and online sales for the world’s biggest fashion retailer reached 32.56 billion euros, 17.5% more than the 27.71 billion euros posted last year and higher than in 2019.
(Reporting by Corina Pons, edited by Inti Landauro)
((corina.pons@thomsonreuters.com; 0034 690725854; Reuters Messaging: corina.pons.thomsonreuters.com@reuters.net))
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