On December 14, the Spanish fashion retail giant Inditex announced Interim Nine Month 2022 Results (of the time between 31 January 2022 to 31 October 2022). Thanks to the fully integrated model, sales and net profit both hit new highs, which was a little more than analysts had expected.
The next day, the Swedish fast fashion giant H&M Group also released its financial report for the first three quarters of FY2022 (as of August 31). Despite the decline in consumer purchasing power, the group still achieved 13% sales growth in the first three quarters.
In the first nine mont …