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As of on the Mercado Continuo Espana ∙ Minimum 15 minute delay
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Inditex Says Q1 Net Result Turns To Loss Of 409 Mln Euros YoY
Inditex: Total Annual Capital Expenditure During The Period 2020-2022 Will Be Around 900 Mln Euros
Inditex To Propose Gross Dividend Of 0.35 Eur/Shr To Be Paid On Nov 2
Industria de Diseno Textil SA, known as Inditex SA, is a Spain-based company primarily engaged in the textile industry. The Company’s activities include the design, confection, manufacturing, distribution and retail of men, women and children apparel, footwear and fashion accessories, as well as home furnishings and household textile products. The Company’s business is divided into three segments: Zara, which provides various fashion and home items under the Zara brand name; Bershka, offering clothes under the Bershka brand name, which aims at teenagers, and Other, which retails apparel under Stradivarius, Oysho, Pull&Bear and Massimo Dutti brand names, among others. The Company operates worldwide through numerous subsidiaries. It is controlled by Pontegadea Inversiones SL.
Edificio Inditex, Avda. Diputacion, s/n
Pablo Isla Alvarez de Tejera
Chief Executive Officer, Executive Chairman of the Board
Jose Arnau Sierra
Non-Executive Deputy Chairman of the Board
Ignacio Fernandez Fernandez
Chief Financial Officer
Carlos Crespo Gonzalez
Chief Operating Officer
Begona Lopez-Cano Ibarreche
Chief Human Resource Officer
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* TOTAL ANNUAL CAPITAL EXPENDITURE DURING THE PERIOD 2020-2022 WILL BE AROUND 900 MILLION EUROS
Inditex <ITX.MC> has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, effectively freezing the nerve centre of its business from which it supplies stores worldwide.
* ZARA OWNER INDITEX SAYS ONLINE SALES CONTINUED WORKING IN CHINESE MARKET IN FEBRUARY Further company coverage: (Reporting By Sonya Dowsett)
* SUPPLY CHAIN CONTINUES TO OPERATE NORMALLY DUE TO THE FLEXIBILITY OF COMPANY BUSINESS MODE
Zara owner Inditex <ITX.MC> is to temporarily close all of its stores in Spain from Saturday because of the coronavirus, Europa Press said, citing sources at the company.
Inditex <ITX.MC> founder Amancio Ortega has bought a 5% stake in Enagas <ENAG.MC>, which owns and operates Spain's gas grid, the energy company said in a statement on Thursday.
Spain-based clothing retailer Zara will make its products available to online shoppers in an additional 106 countries, many of them in Africa, parent firm Inditex <ITX.MC> announced on Wednesday.
* FY SALES 25.34 BILLION EUROS VERSUS 23.31 BILLION EUROS YEAR AGO
Zara, the fashion chain owned by the world's biggest clothing retailer Inditex <ITX.MC>, will introduce augmented reality displays from April, it said on Tuesday, in an effort to lure millennials into its stores.
Shares in Zara fashion chain owner Inditex fell more than 7 percent to a three-year low on Friday after JP Morgan cut its price target for the company weeks before it is due to report annual results.
* APRANGA GROUP EXTENDS SUCCESSFUL COLLABORATION WITH INDITEX
Nestle <NESN.S> proposed three new independent directors to its board on Thursday, as the world's largest food company seeks to accelerate its transformation into a health-conscious company.
* BOARD ALSO PROPOSES INDIVIDUAL RE-ELECTION OF CHAIRMAN AND OTHER CURRENT MEMBERS OF BOARD
* EXCHANGE IMPACT FOR 9 MONTHS IS OF -1 PERCENT, SEES FY IMPACT -1 PCT/ -1.5 PCT
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.
Inditex, the world's largest clothing retailer, on Wednesday reported net profit to September of 2.3 billion euros ($2.7 billion), up 6 percent from a year earlier.
* 9-MONTH NET PROFIT 2.34 BILLION EUROS VERSUS 2.21 BILLION EUROS YEAR AGO
Deal-making and political turmoil in Spain livened up a flat session in Europe' stock markets on Wednesday as investors awaited pointers from the Federal Reserve on the U.S. interest rate outlook.
* Gross sales margin hurt by strong euro (Adds share price, comments from conference call)
* Says gross margin in first half is satisfactory and globally stable
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.