News: Industria de Diseno Textil SA (ITX.MC)
19 Dec 2014
Thu, Dec 11 2014
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.
* Shares rise more than 3 percent (Adds details, analyst)
MADRID, Dec 11 - Spain's Inditex said on Thursday it expected its margin to remain "broadly" stable in the second half.
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 & 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.
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.
(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)
* 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)