Zara Owner Inditex Stocks Jump on Strong Sales Growth

Shares in Inditex ITX 2.21%increase; green up pointing triangle climbed after the Zara owner reported accelerating sales growth at the start of the key shopping season, pointing to strong Black Friday performance.

The Spanish fashion group, which also houses Massimo Dutti and Pull & Bear, said Wednesday that sales jumped nearly 11% at constant currency from Nov. 1 to Dec. 1 compared with the same period a year earlier.