Industria de Diseno Textil SA

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Industria de Diseño Textil SA engages in the retail and sale of clothing, footwear, and accessories. It operates through the following segments: ZARA, Bershka, and Other. The firm's other brands include of Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Zara Home, and Uterqüe. The company was founded by Amancio Ortega Gaona in 1963 and is headquartered in A Coruna, Spain.

Industria de Diseño Textil, S.A. (IDEXY) CEO Carlos Crespo on Half Year 2021 Results - Earnings Call Transcript

Fashion brand Zara owner Inditex rebounded with an 850 million euro second-quarter profit on Wednesday as sales topped pre-pandemic levels, outshining Swedish rival H&M.

Zara owner Inditex sales rebound to top pre-pandemic levels

Inditex swings to profit as sales return to pre-pandemic levels

When the world's two biggest fashion groups unveil quarterly sales figures on Wednesday, No.1 Inditex is seen back at pre-pandemic levels as stores reopen and people long to renew their wardrobe, while H&M still has some way to go.

H&M lags Zara-owner Inditex in race to regain lost sales

It's time to sell leading European retailers H&M and Inditex, Deutsche Bank advised as it initiated coverage on the European apparel sector.

Europe Markets: Sell H&M and Zara owner Inditex, Deutsche Bank says

Sales at Inditex, the owner of Zara, jumped 50% in the first quarter compared with the same period in 2020, as the group swung to a profit.

Reopening Boosted the World's Largest Clothing Retailer. Why Investors Should Be Cautious.

Spanish retail giant Inditex reported a first quarter net profit of 421 million euros ($512.74 million) on Wednesday, beating analysts' expectations but still a third below pre-pandemic levels in the same February-April period.

Spanish retailer Inditex books 421 million euro profit in first quarter

Inditex, owner of brands including Zara, Bershka and Pull & Bear, will close all its stores in Venezuela in coming weeks as a deal between the retailer and its local partner Phoenix World Trade has come under review, a spokesperson for Phoenix World Trade said.

Zara owner Inditex to close all stores in Venezuela, local partner says

V.F.

A group of religious and socially conscious investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China's Xinjiang region, highlighting the challenges for brands trying to maintain their business ties amid rising tensions.

Exclusive: Investors press companies on human rights in Xinjiang

adidas AG

Shares of European fashion brands Adidas, Inditex and H&M fell on Thursday as they faced a storm of criticism on social media in China over comments they have previously made about Xinjiang.

European fashion stocks hit by China Xinjiang row

Industria de Diseño Textil, S.A. (IDEXY) CEO Carlos Crespo on Full Year 2020 Results - Earnings Call Transcript

A strong e-commerce strategy and unique approach to manufacturing set the fashion giant apart.

Zara Owner Inditex Saw Profits Plunge 70%. Here's Why It Will Rebound.

Zara owner Inditex forecast healthy sales as soon as lockdowns are lifted, after the coronavirus crisis knocked its net profit to 1.1 billion euros ($1.31 billion) in 2020, a drop of 70% on the previous year.

Inditex looks post-lockdown with 'optimistic' spring range

Inditex (ETR: IXD1) said on Wednesday that its net profit in 2020 came in at £940 million that represents a broader than expected 70% decline on a year over year basis. The company attributed its dovish performance to the ongoing Coronavirus pandemic that pushed its stores into temporarily shutting down last year.

Inditex says its full-year net profit tanked 70% due to COVID-19 restrictions

Inditex staff in Spain say they are being forced out as the owner of fast-fashion brand Zara rolls out its plan to shut up to 1,200 stores worldwide, despite a company agreement with Spanish unions to project jobs.

Spanish unions cry foul as Inditex shuts stores

Spanish-based fast-fashion retailer Inditex is about to expand its presence in the digital medium and substantially increase its online sales in the following years. Despite the pandemic, the recent growth of online sales signals that the company is moving in the right direction, and digitizing its operations is the way to go.

Inditex: Digital Is The Way To Go

In a report on Tuesday, Inditex (ETR: IXD1) said that its sales and net profit in the fiscal third quarter noted a decline due to the ongoing Coronavirus pandemic that has so far infected more than 73 million people worldwide and caused over 1.6 million deaths. Inditex opened more than 0.5% up on Tuesday but lost roughly 2.5% in the next hour.

Inditex reports a decline in its third-quarter net profit and sales

Ross Stores

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HelloFresh SE

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Inditex is slowly recovering from the pandemic and there's every reason to believe that the company will be able to improve its performance in the next few months.

Inditex: The Recovery Is On Its Way

Telefonica SA

After logging the lowest levels recorded since 2003, the Spanish benchmark index IBEX35 recovered nearly 40% of losses in June. However, the rebound has proved to be unsustainable so far, with IBEX35 rotating lower again on slower-than-planned recovery.

What are the best Spanish stocks to buy in October?

Inditex (BME: ITX), the mother company of Zara, Bershka, and Massimo Dutti, returned to a quarterly profit from May through July, in spite of a 31% sales decline due to coronavirus lockdown measures.  Fundamental analysis: Sales rebound Inditex said that 98% of its stores had reopened and pointed out that there are signs of progress as its online sales are growing rapidly and store sales are recuperating.

Should you buy Inditex stock as Zara-owner returns to profit?

Inditex (BME: ITX) said on Wednesday that its sales in the period from May to July came in 31% lower as Coronavirus continues to hinder customers’ return to its stores. Despite a dovish stance on sales, however, Inditex still returned to profit during these three months.

Inditex returns to profit in Q2 despite a 31% lower sales

Industria de Diseño Textil, S.A. (IDEXY) CEO Carlos Crespo on Q2 2020 Results - Earnings Call Transcript

Fashion retailer Inditex , owner of Zara, returned to quarterly profit in the three months from May to July but reported sales down 31% on the year-ago period as virus-wary consumers stayed away from city centre shopping districts.

Zara owner Inditex returns to profit in second-quarter

Zara-owner Inditex's little-known budget brand Lefties started online sales in Spain and Portugal on Thursday, giving the label a digital advantage over discount fashion chain Primark in its second-biggest market.

News for Industria de Diseno Textil SA Stock (IDEXY)