Page 22 - Pablo Isla News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Inditex's revenue is picking up again. The retailer's online performance is particularly strong.   Digitised stores Inditex, the group behind well-known fashion brands such as Zara, Bershka, Massimo Dutti and Pull & Bear, achieved a turnover of 6.1 billion euros in the third quarter of the current financial year. This is a decrease of 10 per cent compared to the previous year, but a clear improvement compared to the drop during the second and first quarter, respectively, 31 and 44 per cent.   These are encouraging results knowing that about five per cent of the group's stores remained close...

Inditex profit falls, but online sales stronger Published: Dec. 15, 2020 at 3:25 a.m. ET By Resize icon Industria de Diseno Textil SA said Tuesday that net profit and sales fell in the third quarter of its fiscal year, but showed recovery from earlier in the year as online sales grew strongly. The Spanish retailer, known as Inditex, said net profit for the three months to the end of October was 866 million euros ($1.05 billion), down 26% from EUR2.72 billion a year earlier. Sales for the period were EUR6.05 billion, down from EUR7 billion the previous year. Earnings before inter...

The fourth quarter left local currency sales 18 per cent lower overall in its full year, with net sales down 20 per cent at 187 billion Swedish krona, or £17billion.    'H&M's sales were showing good resilience prior to the latest wave of lockdowns, however they may now be affected by further restrictions on stores, such as in H&M's largest market Germany, RBC analyst Richard Chamberlain said. But, Citi analysts said they viewed the overall picture from H&M as encouraging and reflecting 'the path of transition H&M were undertaking pre-COVID.' ADVERTISEMENT H&M said: 'The H&M group started...

Provided by Dow Jones By Joshua Kirby Industria de Diseno Textil SA said Tuesday that net profit and sales fell in the third quarter of its fiscal year, but showed recovery from earlier in the year as online sales grew strongly. The Spanish retailer, known as Inditex, said net profit for the three months to the end of October was 866 million euros ($1.05 billion), down 26% from EUR1.17 billion a year earlier. Sales for the period were EUR6.05 billion, down from EUR7 billion the previous year. Earnings before interest, taxes, depreciation and amortization came to ...

The fashion retailer says its EBITDA stood at £1.69 billion in Q3. Inditex reports a 76% year over year growth in digital sales. 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. Including the price action, its stock, that you can learn to buy online here, is now trading at £24.54 per share versus a ...