|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||15.32 - 15.56|
|52-week range||12.22 - 17.23|
|Beta (3Y monthly)||1.21|
|PE ratio (TTM)||23.94|
|Forward dividend & yield||0.49 (3.23%)|
|1y target est||N/A|
A $70 dollar frock offered by Zara, one of Spain-based Inditex’s many fast-fashion retail chains, is literally being spotted everywhere. And it now has its own Instagram account.
The chief executive of Marks & Spencer is to assume direct leadership of the British retailer's troubled clothing business after sacking the division's boss just two days after publicly criticising chronic product availability. Jill McDonald, clothing, home & beauty managing director, is leaving the business after less than two years in the job, M&S said on Thursday.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Swedish fashion group H&M said sales of its summer collections had started well and it would slow the rate of store openings as it invests more online, boosting its shares by 10%. The world's second-biggest fashion retailer after Zara owner Inditex said on Thursday sales growth accelerated to 12% in local currencies in June, the first month of its fiscal third quarter, from 5% in the second quarter. Chief Executive Karl-Johan Persson told Reuters the arrival of warmer weather in Europe had helped.
The list of retail casualties shutting up shop seems to grow by the month but Inditex, the world's largest clothing retailer, is still betting on its network of physical stores to drive growth. The Zara owner has shrunk its network in its home market of Spain - by far its biggest portfolio globally - by 297 stores, or 15%, since 2012. Shutdowns have led some investors and analysts to worry about slowing sales growth at a company whose business has been built on a rapidly expanding store network.
* STOXX 600 falls 0.5% * Adidas falls 2.2% as traders say GBL sells some of its stake * Pendragon drops more than 20% after warning of full year loss * LafargeHolcim down 2.9% on share placing * BATS falls most in months after results * Axel Springer jumps on KKR offer June 12 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: email@example.com "MOMENTUM" STOCKS RUNNING ON EMPTY (1057 GMT) Morgan Stanley's turned negative on Momentum - citing overly positive sentiment, near record high valuation, and crowding, as heightening the risk of an unwind in the factor. In one of the worst ever months for Value - a factor that's been severely bruised recently - the cheapest stocks underperformed the most expensive by more than 8%.
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.
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 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 biggest clothing retailer and owner of Massimo Dutti, Bershka and Oysho reported net profit of 734 million euros for the three months from Feb. 1 to April.
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...
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.
* European shares inch higher * UK parliament to vote on no-deal Brexit option * UK finance minister delivers Spring budget, cuts growth forecast * Adidas, Inditex fall after updates March 13 - Welcome ...
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.
* European shares edge up at the open * UK parliament to vote on no-deal Brexit option * Adidas, Inditex fall after updates March 13 - Welcome to the home for real-time coverage of European equity markets ...
* European shares edge up at the open * UK parliament to vote on no-deal Brexit option * Adidas, Inditex fall after updates Welcome to the home for real-time coverage of European equity markets brought ...
If you want to know who really controls Industria de Diseño Textil, S.A. (BME:ITX), then you'll have to look at the makeup of its share registry. Institutions will often holdRead More...
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Sweden's H&M disappointed investors with a 10 percent tumble in quarterly profit, the world's second largest fashion retailer blaming investment aimed at boosting its online business for the decline. Profit fell for the third straight year in 2018 because of competition from the likes of Zara, Primark and ASOS and as the shift to online shopping hit trading at its core budget stores. "It has been a challenging year for H&M group and the industry but after a difficult first half, there are signs the company’s transformation efforts are beginning to take effect," CEO Karl-Johan Persson said in a statement.