Zara owner Inditex admits further price increases are on the way

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City AM

By Emily Hawkins Zara owner Inditex has admitted it plans to increase prices again this autumn, as it battles elevated headwinds. It comes as clothes shoppers are facing their own constraints on discretionary spending as household bills rocket. Europe’s largest fashion retailer will boost prices in the second half of the year, its chief financial officer Ignacio Fernandez told Reuters. “The level of newness, quality and design of our collections is driving our sales, but obviously we are always thinking about a stable pricing policy,” Fernandez said. “The level of newness, quality and design o…

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