|Bid||24.97 x N/A|
|Ask||24.98 x N/A|
|Day's Range||24.84 - 25.11|
|52 Week Range||21.85 - 30.30|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||22.18|
|Forward Dividend & Yield||0.66 (2.74%)|
|1y Target Est||N/A|
Inditex, the parent company of clothing retailer Zara, is seeing higher profits thanks to record sales brought on by the brand's growing online business. Yahoo Finance's Oscar Williams-Grut joins Julie Hyman and Adam Shapiro to talk about Inditex's latest earnings report.
Zara owner Inditex , the world's biggest clothing retailer, reported annual earnings below analysts' expectations, sending its shares lower. David Pollard reports.
Zara owner Inditex bounced back from a weak start to 2019, when unseasonably cold weather in southern Europe stifled sales for the Spanish fashion group, with a strong performance in the first weeks of the second quarter. This contrasts with how others in the struggling apparel sector are faring, with mid-market clothing retailer Ted Baker posting a profit warning on Tuesday after Britain had its biggest fall in retail sales on record in May. "This is particularly impressive in our view, notably in context of industry data we have so far for May," JP Morgan said in a research note following Inditex's results on Wednesday.
Inditex, the world’s largest clothing retailer, posted record first-quarter sales and a rise in profits as it benefited from taking its Zara brand online to Brazil as part of a worldwide expansion. La Coruña-based Inditex said it went live with zara.com in Brazil during the three months to April 30 and pushed into eight other countries such as Morocco and Saudi Arabia. The earnings were underpinned by sales growth in all geographies and every brand, Inditex said on Wednesday.
, as the tit-for-tat dispute with Washington expanded beyond simple tariffs. In the UK, the race to succeed UK prime minister Theresa May will begin in earnest now that she has stepped down as Conservative party leader. The deadline for leadership candidates to submit their nominations is 5pm on Monday and contenders must have the initial backing of eight MPs.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
Zara owner Inditex said it would split its dual role of chief executive and chairman, leaving Pablo Isla to lead the company and appointing Carlos Crespo as new CEO in a sign of the importance of digital strategy in driving sales growth. The appointment reflected the key role of technology at Inditex, a company source said, given the retailer's push to integrate online sales with its store network by focusing on large stores where customers might try on items to buy later online. Although Inditex is seen by investors as one of the best-performing apparel retailers, its earnings growth has come under pressure as it faces increasing competition and as online retailing makes shoppers more savvy trawling for bargains.
Pablo Isla de Tejera became the CEO of Industria de Diseño Textil, S.A. (BME:ITX) in 2005. First, this article will...
As Industria de Diseño Textil, S.A. (BME:ITX) released its earnings announcement on 31 January 2019, analysts seem fairly confident, as a 10% increase in profits is expecte...
BERLIN/STOCKHOLM (Reuters) - When H&M boosted its shares last month by reporting a rise in the sale of full-price garments, it wasn't just a tribute to the fashion sense of its designers. It was a sign that backroom improvements are at last paying off. The world’s second-largest fashion group is investing heavily in areas like artificial intelligence and customer loyalty as it looks to improve the way it spots trends and plans logistics, and ultimately reduce discounted sales and piles of unsold stock.
Shares in Zalando jumped on Tuesday after Europe's biggest online-only fashion retailer said it expected to post an operating profit for the first quarter, when it usually makes a loss due to selling off remaining stock after Christmas at a discount. The shares were up 11.7 percent by 0924 GMT, buoying other fashion firms like ASOS, Zara-owner Inditex, Adidas and H&M. The industry has been plagued in recent years by fierce competition and heavy discounting, while investment in logistics and technology to speed online delivery has also weighed on profitability, especially as Amazon expands in fashion.
H&M will trial sales of second-hand and vintage clothes as it seeks to tap into consumers' growing concerns about the environmental cost of fast fashion, its head of sustainability said on Friday. Anna Gedda told Reuters H&M would launch a pilot in Sweden for online sales of second-hand garments on the site of its & Other Stories brand, with the aim of extending the scheme to other markets and brands in years to come. "It comes back to the whole circular vision ... it just makes great sense to look into this business," she said on the sidelines of an event in Berlin on the future of fashion.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Today I will take a look at Industria de Diseño Textil, S.A.'s (BME:ITX) most recent earnings update (31 January 2019) and co...
Pontegadea Inmobiliaria, the real estate arm of the founder of fashion group Inditex, Amancio Ortega, this week completed the purchase of two Seattle office blocks leased to Amazon, a Pontegadea spokesman said on Thursday. Pontegadea bought the buildings from U.S. investment fund USAA Real Estate, the spokesman said, adding it was the Spanish fund's biggest ever deal in the United States. Pontegadea declined to comment on the transaction value.
By Anna Ringstrom STOCKHOLM (Reuters) - Shares in Sweden's H&M, the world's second-biggest fashion retailer, slipped on Friday after quarterly local-currency sales growth matched forecasts but failed to ...
European shares jumped on Wednesday as investors bet British lawmakers would vote to reject a disorderly no-deal Brexit, but underwhelming results from Inditex and Adidas kept gains limited. Lawmakers resoundingly voted against Prime Minister Theresa May's amended Brexit deal late on Tuesday, forcing parliament to decide whether to back a no-deal Brexit or seek a last-minute delay to the process. "I think the market can see that today parliament is going to vote against no deal," said Duncan Weldon, cross asset allocation strategist at Legal & General Investment.
Zara will launch a service to embroider names onto denim clothing in Europe this month, latching onto a customisation trend which has seen shoppers able to create their own Levi's jeans or design their Nike sneakers instore. Sneakers and jeans makers like Adidas, Nike and Levi's have been offering customisation for several years, where customers can add their own modifications to clothes and shoes. Pop-up customisation corners in three Zara stores in Amsterdam, Barcelona and Milan will embroider words on 13 different denim designs from a 19.95 euro (17.2 pounds) pair of shorts to a 39.95 euro jacket from March 27, the company said on Wednesday.
Inditex, the world's biggest clothing retailer, missed full-year earnings expectations on Wednesday, held back by flat margins and a stronger euro, which curbed sales growth at Zara and its other brands. Shares in Inditex tumbled more than 5 percent after the results and were down 3.7 percent at 25.31 euros by 1131 GMT. "Whilst most retailers would be very pleased to report 7 percent sales growth (at constant currency rates last year), this is less than half the rate of growth reported by Inditex just a couple of years ago and we believe it is evidence that the group's growth profile is slowing sharply," Morgan Stanley said in a note.