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Industria de Diseno Textil SA (ITX.MC)

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Latest Key Developments (Source: Significant Developments)

Inditex continues growth in sales on LFL basis in Spain - conf call‍​
Wednesday, 14 Jun 2017 03:32am EDT 

June 14 (Reuters) - INDUSTRIA DE DISENO TEXTIL SA ::SAYS CONTINUES GROWTH IN SALES ON LIKE-FOR-LIKE BASIS IN SPAIN, BUSINESS CONTINUES "VERY HEALTHY"‍​.REITERATES DOES NOT SEE DECREASE IN GROSS MARGIN IN 2017.  Full Article

Inditex's 2016 profit margin dented by currency effects - chairman
Wednesday, 15 Mar 2017 06:42am EDT 

Industria De Diseno Textil SA : Chairman Pablo Isla says Inditex's profit margin in percentage terms would have risen in 2016 if it had not been for negative currency effects Further company coverage: [ITX.MC] (Reporting by madrid.newsroom@thomsonreuters.com) ((+34 91 585 2151;)).  Full Article

Inditex sees 2017 capital expenditure of around 1.5 bln euros
Wednesday, 15 Mar 2017 04:08am EDT 

Spain's Inditex : Says sees 2017 capital expenditure of around 1.5 billion euros ($1.6 billion) .Says sees 450-500 gross openings in 2017.  Full Article

Inditex aims for stable gross margin for H2 2016 - chairman
Wednesday, 14 Dec 2016 02:47am EST 

Spain's Inditex Chairman Pablo Isla:Says Inditex is aiming to have a stable gross margin for the second half of 2016.  Full Article

Inditex sees declining impact of currency effects in second half
Wednesday, 15 Jun 2016 03:32am EDT 

Spain's Inditex : Says it sees a declining impact of currency effects in the second half of year .Says it is maintaining its guidance for gross margin, stable at constant currencies for the year.  Full Article

Inditex S A - Cambodia ups minimum wage for textiles but short of demands - Reuters
Wednesday, 7 Oct 2015 08:00pm EDT 

Inditex S A:Cambodia agreed on Thursday to raise the monthly minimum wage for its crucial textiles sector to $140 from next year, short of demands by trade unions long at odds with the government over pay - Reuters.The decision was made in a vote by representatives of the government, factories and unions, with the majority supporting an increase to $135 a month from $128. The government then raised that to $140 - Reuters.Pay for the 600,000 people who work in mostly Asian-owned factories, churning out clothes and shoes for the likes of Gap, Nike, Adidas, H&M and Inditex has been a thorny issue in impoverished Cambodia - Reuters.Major unions had been seeking a minimum wage of $160 a month, having scaled down an initial demand from $177, and threatened strikes. It was unclear if they would follow through - Reuters."This figure is reasonable and acceptable. Even it's not acceptable to all, we have no choice," Labour Minister Ith Sam Heng told reporters - Reuters.  Full Article

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H&M scraps monthly sales figures but promises more transparency

STOCKHOLM Swedish fashion group H&M will start holding capital market days, breaking with tradition and yielding to investor pressure although it also said it would stop posting monthly sales figures.