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India

Industria de Diseno Textil SA (ITX.MC)

ITX.MC on Madrid SE C.A.T.S.

29.95EUR
15 Dec 2017
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Wed, Dec 13 2017

UPDATE 2-Warm autumn cools sales growth at Zara owner Inditex

MADRID, Dec 13 Inditex, the world's biggest clothes retailer and owner of Zara, reported a slowdown in sales growth in its third quarter as Europe's warm autumn kept shoppers away, though it pointed to a brighter end of the year.

BRIEF-Inditex To Sell Various Stores In Spain As Part Of Rental Policy

* EXCHANGE IMPACT FOR 9 MONTHS IS OF -1 PERCENT, SEES FY IMPACT -1 PCT/ -1.5 PCT‍​

Europe's warm autumn slows sales growth at Zara-owner Inditex

MADRID 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.

Zara-owner Inditex's 9-mth net profit rises 6 pct y/y

MADRID, Dec 13 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.

BRIEF-Inditex 9-Month Net Profit Up 6 Pct YoY

* 9-MONTH NET PROFIT 2.34 BILLION EUROS VERSUS 2.21 BILLION EUROS YEAR AGO

UPDATE 2-M&A, Spain turmoil liven up Europe stocks

* Banks in focus ahead of Fed policy decision (Recasts, adds details, closing prices)

UPDATE 2-Zara owner's sales margin eroded by strong euro

* Gross sales margin hurt by strong euro (Adds share price, comments from conference call)

BRIEF-Spain's Inditex says sees stable gross margin this year

* Says gross margin in first half is satisfactory and globally stable

CORRECTED-Inditex H1 net profit 1.37 bln euros, slightly missing f/cast

MADRID, Sept 20 The world's largest clothing retailer, Inditex, on Wednesday reported first half net profit of 1.37 billion euros ($1.64 billion), slightly missing a polled forecast, on sales of 11.67 billion euros.

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