Industria de Diseno Textil SA (ITX.MC)
24 Mar 2017
Wed, Mar 15 2017
LA CORUNA, Spain/STOCKHOLM Fashion retailer H&M's sales fell unexpectedly in February while Inditex , which owns Zara, pulled further ahead of its Swedish rival, helped by its expansion online and a bigger emerging market presence. | Video
LA CORUNA, Spain/STOCKHOLM, March 15 Fashion retailer H&M's sales fell unexpectedly in February while Inditex, which owns Zara, pulled further ahead of its Swedish rival, helped by its expansion online and a bigger emerging market presence.
* 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: (Reporting by email@example.com)
* Says sees 2017 capital expenditure of around 1.5 billion euros ($1.6 billion)
MADRID, March 15 The world's biggest clothing retailer Inditex reported on Wednesday full-year net profit of 3.16 billion euros ($3.35 billion), up 10 percent on the year ago period and in line with analysts' forecasts.
March 14 - British fashion retailer French Connection Group Plc reported a full-year loss for the fifth straight year as it struggles to compete with fast-fashion rivals such as ASOS Plc, Forever 21 and Inditex's Zara.
STOCKHOLM Budget fashion retailer Hennes & Mauritz was upbeat about prospects for profitability next year but a fall in third-quarter earnings and weak September sales sent the retailer's shares to a three-month low on Friday.