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Zara's owner Inditex shows resilience
Zara owner Inditex reports disappointing third-quarter sales
By Corina Pons and Helen Reid MADRID (Reuters) -Zara owner Inditex posted a rare miss on third-quarter sales on Wednesday but the world's biggest listed fast-fashion retailer said the holiday shopping season had got off to a good start.
Zara Owner Inditex Posts Higher Sales Amid Fierce Low-Cost Competition
Inditex reported an increase in sales at the start of its final quarter, helped by its fall and winter collections and despite intense competition in the fashion industry.
Zara’s owner Inditex shows resilience despite unexpected Q3 setback
Shares of Inditex, which enjoyed a significant 30% rise earlier this year, experienced a 6% drop in early trading following the release of the results.
1d
Shares in fashion giant behind Zara and Massimo Dutti plunge as it reports disappointing sales growth
Analysts from Deutsche Bank said the results would be viewed as "disappointing" for Inditex, which owns Zara, Massimo Dutti, ...
Nairametrics
11h
Zara billionaire, Armancio Ortega suffers $9 billion loss in 1 day
Amancio Ortega, the Spanish billionaire behind the global fast-fashion empire Zara, experienced a staggering $9 billion drop in his net ...
Ecotextile News
10h
Inditex posts Q3 results, invests in UK start-up
ARTEIXO – Zara owner Inditex has announced positive financial results for its third quarter, and the company is now investing ...
1d
Zara Parent Inditex Reports Strong Start to the Holiday Season But Q3 Sales Miss
The Spanish fast fashion giant's sales were up 10.5 percent at constant currency to 27.4 billion euros in the first nine ...
1d
European stocks close higher after U.S. inflation data comes in as expected; Zara owner Inditex falls 7%
European markets closed higher on Wednesday, as traders digested corporate updates and the latest U.S. inflation data.
12h
Inditex shares down after RBC Capital Markets downgrades to 'underperform'
Inditex recently reported softer-than-expected third-quarter results, prompting RBC to revise its earnings forecasts for the ...
RTE Online
1d
Zara owner Inditex reports strong start to Christmas shopping season
Zara owner Inditex has reported strong trading over the start of the Christmas season, with revenues 9% in the six weeks to ...
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