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Industria de Diseño Textil, S.A.
Video analysis: IDEXF
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News: IDEXF
Zara owner Inditex looks to US for next phase of growth
Fast fashion giant Inditex is investing in the United States as a key growth market, CEO Oscar Garcia Maceiras told Reuters, as the Zara owner opens new stores and revamps existing outlets to woo more aspirational shoppers.
Zara Parent Inditex Posts Steady Growth Despite Tough Market Backdrop
The owner of Zara booked a broadly stable 9% on-year increase in sales on a constant-currency basis.
Zara owner Inditex reports strong August trading amid heatwaves
Zara owner Inditex reported a better-than-expected start to its autumn trading on Wednesday, with currency-adjusted sales up 9% in August, even as extreme heat across Europe reshapes shopping behaviour in its biggest market.
Bots and bargains: Zara owner launches cut-price Lefties in UK to rival Primark
First robot-assisted outlet opens in Liverpool to take on Shein and supermarkets in clothing, shoes and homewares
Inditex well dressed for rising costs, says Barclays as it upgrades
Zara owner Inditex offers an attractive way to weather rising clothing costs while retaining scope for stronger sales and margins, according to Barclays. The bank upgraded the owner of brands including Massimo Dutti, Pull & Bear and Bershka to 'overweight' and set a €62.5 price target after its relatively muted share-price performance, which has seen a total shareholder return of -2% delivered this year, compared with stronger gains for retailers including Marks & Spencer and B&M.
Next and Zara tipped to benefit as second-hand fashion reshapes retail, says analyst
Second-hand fashion is becoming an increasingly important factor in the clothing sector, but is creating winners rather than losers among Europe's biggest clothing retailers, according to RBC Capital Markets, as younger shoppers increasingly buy clothes with an eye on what they might be worth later. The global second-hand apparel market has doubled in size over the past five years to account for around 10% of clothing sales.
RBC sees scope for earnings upgrades at Next and Inditex as cost pressures ease
The broker came away from its retail conference more upbeat on consumer trends and the outlook for input and labour costs. RBC Capital Markets has flagged a strong chance of consensus earnings upgrades for Next PLC (LSE:NXT) and Inditex, after hosting a European consumer and retailing conference in London last week.
Santander tops Inditex as Spain's most valuable company
Santander has overtaken fashion giant Inditex to become Spain's most valuable listed company for the first time in eight years, lifted by a recent rally in banking shares.