Industria de Diseno Textil SA (ITX.MC)
17 Feb 2017
STOCKHOLM Swedish budget fashion retailer H&M reported an 8 percent increase in sales in January, the figure falling slightly short of a preliminary reading.
* H&M is facing increased competition (Adds detail, background, analyst, shares)
* Prel Jan local-currency sales +11 pct (Adds company comment, details, updates shares)
STOCKHOLM, Jan 16 Budget fashion retailer H&M reported on Monday a 6 percent year-on-year increase in local currency sales in December, the slowest pace since September and lagging expectations.
LONDON (Reuters Breakingviews) - Full-priced fashion is the new black. Strong pre-Christmas sales at UK retailers Marks & Spencer and Debenhams show efforts to wean customers off promotions are paying off. Fewer discounts should translate into better margins. But the temptation to hoist the “sale” signs may return as inflation and weaker growth squeeze British consumers.
(The following statement was released by the rating agency) LONDON, January 10 (Fitch) Emerging weak Christmas trading updates and sales data for non-food retailers reinforce Fitch Ratings' negative outlook for the European retail sector. We expect profitability and free cash flow to remain weak in 2017, preventing any meaningful deleveraging and exposing companies' credit profiles to greater risks from increased competition, changing consumer spending habits and inflationary pressures, par
LONDON (Reuters Breakingviews) - Among UK retailers, Next has tended to give some of the most cautious guidance. This year, that looks the right approach. The clothing chain predicts a particularly doom-laden year for the British high street and warned pre-tax profit may fall by as much as 14 percent. That's down to Next's own issues, but also spiraling costs for retailers. Britons' more ready embrace of online than consumers in some other markets adds to the crunch.
BERLIN/HONG KONG, Oct 21 As Europe's fashion giants brace for what could be the toughest leg of their expansion in China, a South African retail tycoon has launched a bold assault on the world's most populous nation.
The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:
MADRID, Oct 1 Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex , has bought one of Madrid's most famous skyscrapers for 490 million euros ($551 million) through his property investment arm, a source said.