News: Inditex S.A. (ITX.MC)
18 Dec 2013
Wed, Dec 11 2013
MADRID - Zara owner Inditex , the world's largest clothing retailer, showed signs of leaving behind months of tepid sales growth as a budding European recovery boosted pre-Christmas trading and it said global expansion plans remained on track. | Video
* EBITDA 2.78 bln euros on sales of 11.93 bln, also in line
MADRID, Dec 11 - Spain's Inditex said it will have added 8-10 percent of new store space by the end of 2013 and expects a stable gross margin for the second half, Chairman and CEO Pablo Isla told a conference call on Wednesday following third quarter results. (Reporting By Sarah Morris)
MADRID, Dec 11 - Zara owner Inditex, the world's largest clothing retailer, said sales rose 10 percent in the first six weeks of the quarter, the run-up to Christmas, after posting flat nine-month profit growth.
MADRID - The world's largest fashion retailer, Inditex, shows no sign of stalling and investors are betting that its Zara "fast fashion" model has plenty of room to expand in emerging markets by appealing to the growing ranks of brand-conscious middle classes.
FRANKFURT - Associated British Foods plans to increase the expansion pace of its Primark discount chain, upping pressure on the world's two biggest fashion retailers, Inditex and H&M , in their top markets in Europe.
HONG KONG, Oct 30 - Shares of retailer Esprit Holdings jumped more than 7 percent on Wednesday after it said it had hired a former executive from rival Inditex as chief product officer, the latest hire of an employee from the Zara owner.
* Shares up 0.8 percent, hit record high (Adds more analyst comment, detail, background, shares)
MADRID - Zara owner Inditex said sales had risen 10 percent at the start of the third quarter, pointing to a recovery after poor weather and weak foreign currencies weighed on profit in the first half.
MADRID, Sept 18 - Spanish retailer Inditex expects gross margins to be stable in the second half of the year, Chairman and Chief Executive Pablo Isla said on a conference call after first-half results.