Industria de Diseno Textil SA
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  • Associated Presslast year

    Spain's Zara owner Q1 profit up 28 percent on strong sales

    Spanish clothes retailer Inditex, owner of the Zara store chain, says its net profit rose by 28 percent in the first quarter following a boost in sales. The company said Wednesday that profit for February ...

  • Reuterslast year

    Zara-owner Inditex posts robust results but shares slip

    Spain's Inditex, owner of clothing retailer Zara, reported better than expected quarterly profit on Wednesday, as its global fast-fashion business model allowed it to keep pace with local economic and fashion trends. Its shares fell 1.7 percent versus a 1.2 percent gain in the European retail sector reflecting doubts it could match last year's 58 percent gross margin, neck-and-neck with Sweden's Hennes & Mauritz and way beyond most retailers. Inditex shares have risen by almost a quarter this year to trade at almost 32 times forward earnings, according to Thomson Reuters data, opening up a big premium to H&M's shares, which are up 1 percent to trade at almost 24 times expected earnings.