News: Industria de Diseno Textil SA (ITX.MC)

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

19 Dec 2014
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Thu, Dec 11 2014


Zara owner Inditex says winter sales brisk after warm autumn

MADRID - Zara-owner Inditex posted a 14 percent rise in sales for November and early December as its fast-changing fashion collections helped it cope better with mild weather than many European rivals.

UPDATE 2-Zara owner Inditex says winter sales brisk after warm autumn

* Shares rise more than 3 percent (Adds details, analyst)

Spain's Inditex says expects 'broadly' stable margin in second half

MADRID, Dec 11 - Spain's Inditex said on Thursday it expected its margin to remain "broadly" stable in the second half.

Inditex says net profit in line, margin shrinks on accounting change

MADRID, Dec 11 - Zara owner Inditex said on Thursday its nine-month net profit rose 0.8 percent to 1.69 billion euros ($2.1 billion) broadly in line with expectations after a warm start to autumn and negative currency effects.

Abercrombie CEO Jeffries steps down as company seeks new look

- Abercrombie & Fitch Co Chief Executive Michael Jeffries, who transformed the teen apparel retailer from a drab sports brand into a fashion icon before running afoul of shoppers and investors, has stepped down after over two decades at the helm.

Fashion chains chase faster supplies to counter volatile weather

BERLIN, Nov 18 - Increasingly erratic weather is driving European clothing retailers to buy goods more often and closer to home, rather than relying on seasonal collections sourced months in advance.

Deals of the day- Mergers and acquisitions

(Adds Allergan, Kharafi National, Inditex, RCS Capital, PGE, Energy Future, Istrabenz, Aetna, National CineMedia, Danone, Cosumar, Sysco Corp, updates Altice SA, RTL Group, Yildiz Holding)

UPDATE 1-China, Spain sign business deals worth $4 bln

* Spain's PM Rajoy in China to drum up support for Spanish economy

Inditex margins and profits hit in overseas markets

MADRID - Zara owner Inditex suffered a worse-than-expected fall in its second quarter margins as trading in its lucrative overseas markets turned tougher.

UPDATE 2-Inditex margins and profits hit in overseas markets

* Net profit down 2.4 pct, shallower than expected (Recasts lede, adds comments from conference call)

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