|Bid||30.65 x 342600|
|Ask||30.85 x 122100|
|Day's Range||30.57 - 31.40|
|52 Week Range||29.00 - 36.90|
|PE Ratio (TTM)||29.29|
|Forward Dividend & Yield||0.35 (0.95%)|
|1y Target Est||N/A|
Inditex, the world's biggest clothing retailer and owner of the Zara brand, posted a 9 percent rise in first-half profit but gross margin as a percentage of sales slipped from the year-ago period due to the stronger euro. Ciara Lee reports.
Shrinking profit margins at Inditex, the parent company of Zara, have exposed a weakness in a fashion behemoth that has largely avoided the problems battering the industry.
MILAN/LONDON (Reuters) - Political jitters hit Italian stocks on Wednesday and the broader European market slipped lower before a Federal Reserve meeting that could provide more clues on future interest rate moves in the United States next year. Italy's parliament will be dissolved between Christmas and the New Year with national elections probably set for March 4, a parliamentary source said on Wednesday. Concern that no clear majority will emerge caused Italy's FTSE MIB index to fall 1.4 percent Sovereign Italian bonds also fell.
Europe's top online-only fashion retailer Zalando is stepping up its fast-growing brand partnerships programme, building on ties with the likes of Nike and Superdry to repel the challenge of U.S. interloper Amazon. The German company's share price has come under pressure as Amazon's big push into fashion has prompted Zalando to increase investment in logistics and technology to keep pace, forcing it to trim profit forecasts. Launched in Berlin in 2008, Zalando has grown fast to sell almost 2,000 brands in 15 countries via a classical e-commerce model, buying in stock to be sold online and shipped from its vast warehouses.
MADRID (AP) — The owner of Zara fashion stores said Wednesday that net profit surged by 6 percent in the first nine months of its fiscal year as it continued its international expansion with both online and physical stores.
Inditex, the world's biggest clothes retailer and owner of Zara stores, reported a slowdown in sales growth in its third quarter on Wednesday as Europe's warm autumn kept shoppers away, although analysts pointed to a brighter end of the year. Fashion retailers such as Next and John Lewis have already reported a hit from warmer-than-usual weather as shoppers passed on new winter ranges. Inditex's biggest rival, Sweden's H&M, will report results on Friday.
Inditex SA, the world’s biggest clothing retailer, is seeking a buyer for 16 Zara stores in Iberia as online purchasing takes off in Spain.
Barclays in a Tuesday morning note downgraded the Swedish retailer to "underweight," after it concluded the "market is unwarranted in pricing similar cash flow growth for both H&M and Inditex."...
Investors have been locking in profits, shrugging off continued strength in economic data as euro zone earnings growth slowed compared to the previous quarters and caution rose over whether a stock market rally could continue. Shares in Fresenius SE (FREG.DE), Greene King (GNK.L), Just Eat (JE.L), United Utilities (UU.L) and H&M (HMb.ST) all fell more than 2 percent after ratings downgrades from brokers.
European stocks declined on Friday, suffering a second straight weekly loss, as disappointing corporate updates and broker downgrades provided pressure.
Workers at a factory used by Zara are using the tags to complain they have not been paid for their labor. Owner of the factory, which was a supplier to Zara, fled a year ago
Catalonia, Spain’s would-be breakaway region, is also the country’s most powerful economic engine. Six members of the benchmark Ibex-35 are based there, while others have extensive interests in the area. ...
The strong euro is taking a bite out of European earnings, with the region’s companies bracing for more pain in the coming months and searching for ways to protect their bottom line.
Inditex SA said Wednesday that the autumn and winter sales season got off to a more robust start than expected, although the operator of the Zara chain reported a bigger-than-expected decline in profitability ...
European banking stocks were in particular focus, with the sector trading 0.5 percent lower as investors awaited the conclusion of the U.S. Federal Reserve's meeting for clues as to whether a third interest rate hike is on the cards for this year. Banks, which have outperformed the broader market so far this year, are a beneficiary of higher interest rates.
MADRID (AP) — Spanish fashion retailer Inditex, which owns the Zara stores, says its net profit jumped by 9 percent in the first half of its fiscal year, following strong growth in online and in-store sales.
British budget fashion retailer New Look , which is owned by South Africa's Brait and struggling with declining sales in a fiercely competitive UK market, said Chief Executive Anders Kristiansen had left the company. New Look had been one of Britain's most popular retail names for decades, offering fashionable clothes at lower prices, but has seen its sales slide over the past year amid rising competition from the likes of online retailers Asos and Boohoo and Inditex's Zara, which can bring the latest trends to stores more quickly via its local supply chain.
Wednesday’s ascent marked the fourth time he had reigned as world’s richest. In each case, he has lost his spot to Bill Gates within 48 hours.