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Zappy Spanish Chain Shows How the Rag Trade Can Thrive Even in these Dark Days

By Malcolm Stacey | Thursday 15 September 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Hello Share Followers. You might think that, given the shortage of spending mazuma these days, it might not be wise to invest in the rag trade. But the clothes retailer Inditex (0QWI) is proving that’s not always the case. It’s just reported that sales for the first half of 2022 jumped by a quarter to 14.8 billion euros. And profits did even better, improving by nearly a third to 4 billion euros. Not at all bad, eh?

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