|Bid||28.68 x 342600|
|Ask||28.70 x 122100|
|Day's Range||28.69 - 28.94|
|52 Week Range||28.55 - 36.90|
|PE Ratio (TTM)||27.12|
|Forward Dividend & Yield||0.35 (0.95%)|
|1y Target Est||N/A|
China's tourism authority has urged accommodation companies to review their websites and apps to fix what Beijing deems to be inaccurate labelling of Taiwan or other Chinese-claimed territories as countries. The move expands the Chinese government's efforts of recent days to police how foreign businesses refer to parts of China, or territories claimed by Beijing, including Taiwan and Hong Kong - even if only in pull-down menus on websites. On Thursday the government suspended Marriott International Inc’s Chinese website for a week to punish the world’s biggest hotel chain for listing Tibet, Taiwan, Hong Kong and Macau as separate countries in a customer questionnaire.
China's aviation authority on Friday demanded an apology from Delta Air Lines (DAL.N) for listing Taiwan and Tibet as countries on its website, while another government agency took aim at Inditex-owned (ITX.MC) fashion brand Zara and medical device maker Medtronic Plc (MDT.N) for similar issues. The moves follow a regulator's decision on Thursday to suspend Marriott International Inc's (MAR.O) Chinese website for a week to punish the world's biggest hotel chain for listing Tibet, Taiwan, Hong Kong and Macau as separate countries in a customer questionnaire.
Inditex had strong gains in their 3rd Quarter 2917. Sales jumped 10%. Zara is a winner. Fast replenishment. Expansion into Belarus. In contrast H & M dropped in the quarter and is cutting back.
PARIS (Reuters) - The French competition watchdog on Tuesday cleared the sale of Tati, the country's iconic cut-price shop, to domestic rival Gifi, on the condition it sold four stores. Tati, well-known ...
Fashion chain H&M's sales fell unexpectedly in the past three months as it attracted fewer shoppers to its stores, sending its shares plummeting and underlining its struggle to adapt to a shift to online retail. H&M said it would speed up efforts to adjust to changes in the market, including closing more H&M stores and opening fewer new ones, and start selling its core budget H&M brand through Chinese online platform Tmall.. "The quarter was weak for the H&M brand's physical stores, which were negatively affected by a continued challenging market situation with reduced footfall to stores due to the ongoing shift in the industry," the company said in a statement.
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. ...