Zara and H&M illustrate uneven recovery for high street retailers

Latest quarterly financial figures from fashion retail giants H&M and Zara-owner Inditex show a huge gap in the rate of recovery being felt on the high street.

High street retailers are showing uneven levels of recovery from the Covid crisis, with Zara owner Inditex rebounding to pre-pandemic sales levels, but H&M still suffering.

Zara owner Inditex rebounded with an €850m second-quarter profit as sales topped pre-pandemic levels, outshining Swedish rival H&M.