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Inditex

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Reuters - 5 days ago

Shein would lose all its shine in a Hong Kong IPO

BREAKINGVIEWS-Shein would lose all its shine in a Hong Kong IPO The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to add index codes. By Una Galani MUMBAI, July 2 (Reuters Breakingviews) - As geopolitics deteriorate, capital is becoming less global. For fast-fashion giant Shein, it means the destination for its initial public offering will make a big difference to its fortunes.
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Reuters - 1 week ago

H&M to offer more discounts as it battles to revive sales

H&M to offer more discounts as it battles to revive sales By Marie Mannes STOCKHOLM, June 27 (Reuters) - H&M HMb.ST plans to offer more discounted fashions in the second half of this year as it tries to win back customers from the likes of Zara owner Inditex ITX.MC and Shein. H&M has over the past year or so said it was prioritising profitability over sales volumes in order to reach a 10% operating margin goal, one it hopes to achieve this year.
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Reuters - 1 week ago

H&M slumps on doubts over margin target and June sale drop

UPDATE 7-H&M slumps on doubts over margin target and June sale drop Q2 operating profit 7.1 bln SEK vs forecast 7.4 bln Q2 net sales up 3% in local currencies Sees drop in June sales, partly due to poor weather Shares fall as much as 15% Adds more quotes, updates shares By Marie Mannes STOCKHOLM, June 27 (Reuters) - H&M HMb.ST cast doubt over its full-year profit margin target on Thursday after missing quarterly earnings forecasts and predicting a fall in June sales, sending shares in the world'
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Reuters - 3 weeks ago

Pull&Bear's Director And Member Of Inditex's Management Committee Steps Down

BRIEF-Pull&Bear's Director And Member Of Inditex's Management Committee Steps Down June 19 (Reuters) - Industria de Diseno Textil SA ITX.MC : JOSE PABLO DEL BADO RIVAS, DIRECTOR OF PULL&BEAR AND MEMBER OF INDITEX'S MANAGEMENT COMMITTEE, TO STEP DOWN LUCIAN DOROBANTU, CURRENT INTERNATIONAL DIRECTOR FOR NOTHERN EUROPE, APPOINTED AS NEW DIRECTOR OF PU
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Reuters - 3 weeks ago

Fast fashion retailer Shein hikes prices ahead of IPO

UPDATE 1-Fast fashion retailer Shein hikes prices ahead of IPO Average price of a dress on Shein jumps by 28% in U.S. Price hikes aimed at boosting revenue and profit Higher prices also driven by external brands like Skechers Adds embedded graphics within text By Helen Reid LONDON, June 13 (Reuters) - Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, a
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Reuters - 3 weeks ago

Spanish stocks - Factors to watch on June 13

Spanish stocks - Factors to watch on June 13 June 13 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Around 1,800 workers at one of Zara owner Inditex's main logistics centres in Spain will get a direct pay increase totalling 12% over the next three years plus additional compensation under a preliminary deal unions said they had reached
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Reuters - 3 weeks ago

Fast fashion retailer Shein hikes prices ahead of IPO

Fast fashion retailer Shein hikes prices ahead of IPO Average price of a dress on Shein jumps by 28% in U.S. Price hikes aimed at boosting revenue and profit Higher prices also driven by external brands like Skechers By Helen Reid LONDON, June 13 (Reuters) - Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strat
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Reuters - 3 weeks ago

Workers at Inditex's Zaragoza logistics hub to get 12% pay rise

Workers at Inditex's Zaragoza logistics hub to get 12% pay rise MADRID, June 12 (Reuters) - Around 1,800 workers at one of Zara owner Inditex's main logistics centres in Spain will get a direct pay increase totalling 12% over the next three years plus additional compensation under a preliminary deal unions said they had reached with the company. Inditex declined to comment on the preliminary deal reached on Wednesday.
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Reuters - 4 weeks ago

Shein's pre-IPO charm offensive hits roadblocks in Europe

RPT-Shein's pre-IPO charm offensive hits roadblocks in Europe Repeats June 7 story, text unchanged By Helen Reid and James Davey LONDON, June 7 (Reuters) - As online fast-fashion retailer Shein ramps up its pre-IPO charm offensive in Britain, pushback is growing too from Europe's retail industry and lawmakers. As citizens of 27 countries vote in European Union elections, European manufacturers of fabric, clothes, leather goods and shoes this week called on future EU policymakers to protect the 1
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Reuters - 4 weeks ago

Shein's pre-IPO charm offensive hits roadblocks in Europe

Shein's pre-IPO charm offensive hits roadblocks in Europe By Helen Reid and James Davey LONDON, June 7 (Reuters) - As online fast-fashion retailer Shein ramps up its pre-IPO charm offensive in Britain, pushback is growing too from Europe's retail industry and lawmakers. As citizens of 27 countries vote in European Union elections, European manufacturers of fabric, clothes, leather goods and shoes this week called on future EU policymakers to protect the 1.5 million jobs in the sector from low-co
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Reuters - 4 weeks ago

Spanish fashion retailer Tendam's core earnings up 10% as it mulls IPO

UPDATE 1-Spanish fashion retailer Tendam's core earnings up 10% as it mulls IPO Adds comments from source familiar with IPO plans in paragraphs 2 and 7 MADRID, June 6 (Reuters) - Spanish fashion retailer Tendam reported on Thursday a 10% rise in core earnings for its 2023 financial year and forecast lower to steady first-quarter growth as the company mulls an initial public offering .
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Reuters - 4 weeks ago

Spanish fashion retailer Tendam's core earnings up 10% as it mulls IPO

Spanish fashion retailer Tendam's core earnings up 10% as it mulls IPO MADRID, June 6 (Reuters) - Spanish fashion retailer Tendam reported on Thursday a 10% rise in core earnings for its 2023 financial year and forecast lower to steady first-quarter growth as the company mulls an initial public offering . The owner of Women's Secret, Cortefiel and Springfield chains said its recurring earnings before interest, taxes, depreciation and amortisation (EBITDA) reached 313.3 million euros ($340.8 mill
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Reuters - 4 weeks ago

Ashtead Technology Holdings, Computacenter, Maersk

EUROPE RESEARCH ROUNDUP-Ashtead Technology Holdings, Computacenter, Maersk June 6 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ashtead Technology Holdings, Computacenter and Maersk on Thursday. HIGHLIGHTS * Ashtead Technology Holdings Plc ATAS.L : Stifel raises target price to 900p from 770p * Computacenter Plc CCC.L : Morgan Stanley cuts target price to 2550p from 2650p * IG Group Holdings Plc IGG.L : Deutsche Bank cuts target
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Reuters - 1 month ago

The bull case for uranium from U.S. nuclear trends - Citi

LIVE MARKETS-The bull case for uranium from U.S. nuclear trends - Citi Inditex up 4%, boosts retailers Most major sub indexes trading in positive territory S&P 500 futures up 0.2% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . THE BULL CASE FOR URANIUM FROM U.S.
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Reuters - 1 month ago

UK races up the M&A league tables in 2024

LIVE MARKETS-UK races up the M&A league tables in 2024 Inditex up 4%, boosts retailers Most major sub indexes trading in positive territory S&P 500 futures up 0.2% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . UK RACES UP THE M&A LEAGUE TABLES IN 2024 M&A is picking up in earnest this year, with an annual rise of 23% in the value of worldwide deals between January and May, ac
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Reuters - 1 month ago

Volatility says no AI bubble (yet) - BofA

LIVE MARKETS-Volatility says no AI bubble (yet) - BofA STOXX 600 up 0.7% Inditex up 4.5%, boosts retailers Most major sub indexes trading in positive territory S&P 500 futures up 0.1% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . VOLATILITY SAYS NO AI BUBBLE (YET) - BOFA Worries of a bubble have simmered beneath the cheer as generative AI optimism catapulted global stock mark
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Reuters - 1 month ago

Can US payrolls nudge bitcoin to a new record?

LIVE MARKETS-Can US payrolls nudge bitcoin to a new record? Inditex up 4%, boosts retailers Most major sub indexes trading in positive territory S%P 500 futures up 0.2% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . CAN US PAYROLLS NUDGE BITCOIN TO A NEW RECORD?
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Reuters - 1 month ago

European shares led higher by tech stocks ahead of ECB rate decision

UPDATE 2-European shares led higher by tech stocks ahead of ECB rate decision For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Euro zone business activity expands at fastest rate in a year Sweden's Elekta tanks after Q4 profit miss Inditex rises after reporting pick-up in recent sales STOXX 600 closes up 0.8% Updated at 1550 GMT By Shristi Achar A and Shashwat Chauhan June 5 (Reuters) - European shares gained on Wednesday, led by technolo
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Reuters - 1 month ago

The oil and gas impact of Labour winning the UK election

LIVE MARKETS-The oil and gas impact of Labour winning the UK election Inditex up 4.5%, boosts retailers Most major sub indexes trading in positive territory S%P 500 futures up 0.1% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . THE OIL AND GAS IMPACT OF LABOUR WINNING THE UK ELECTION Opinion polls indicate that Britain's main opposition Labour Party is set for its biggest ever
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Reuters - 1 month ago

Inditex tops STOXX as trading update allays Q2 fears

BUZZ-Inditex tops STOXX as trading update allays Q2 fears Adds milestones in bullets 1 and 6, H&M shares in bullet 8, updates shares ** Shares in Zara-owner Inditex ITX.MC rise 4.6% to the top of Europe's STOXX 600 .STOXX after Q1 report that included a better than expected update on current trading ** Sales at constant currencies rose 12% from May
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