News: Industria de Diseno Textil SA (ITX.MC)
Thu, Sep 25 2014
* Spain's PM Rajoy in China to drum up support for Spanish economy
MADRID - Zara owner Inditex suffered a worse-than-expected fall in its second quarter margins as trading in its lucrative overseas markets turned tougher.
* Net profit down 2.4 pct, shallower than expected (Recasts lede, adds comments from conference call)
MADRID, Sept 17 - Zara owner Inditex's gross margin will remain stable in the second half of this year, Chairman and Chief Executive Pablo Isla said on Wednesday during a conference call on the company's first half results.
MADRID, Sept 17 - Shares in Spanish retailer Inditex rose 1.2 percent at the market open on Wednesday after the company reported a better-than-expected drop in net profit in the first half.
MADRID, Sept 17 - Zara owner Inditex posted a shallower-than-expected 2.4 percent year-on-year fall in first-half net profit on Wednesday as negative currency effects eased and said sales for the start of the third quarter rose 10 percent.
MADRID - Global fashion chain Zara, owned by Spain's Inditex, pulled from sale on Wednesday a striped children's top decorated with a large six-pointed star after it was likened to uniforms worn by Jewish concentration camp inmates in Nazi Germany.
MADRID, Aug 27 - Global fashion chain Zara, owned by Spain's Inditex, pulled from sale on Wednesday a striped children's top decorated with a large six-pointed star after it was likened to uniforms worn by Jewish concentration camp inmates in Nazi Germany.
MADRID, Aug 21 - Swedish fashion retailer H&M is launching a Spanish online store, adding to the competition faced in its home market by Spain's Zara chain, owned by Inditex.
(Corrects headline to remove reference to Primark and H&M; corrects date from Aug 11; )