86 632
Fashion Jobs
MACY'S
Retail Fulfillment Associate, University Park Mall - Part Time
Permanent · MISHAWAKA
MACY'S
Asset Protection Captain, Interstate - Full Time
Permanent · RAMSEY
MACY'S
Retail Fulfillment Associate, Ventura Pacific View - Part Time
Permanent · VENTURA
MACY'S
Asset Protection Detective, South Beach - Full Time
Permanent · MIAMI BEACH
MACY'S
Asset Protection Security Guard, Garden State Park - Full Time
Permanent · CHERRY HILL
MACY'S
Retail Fulfillment Associate, White Oaks - Part Time
Permanent · SPRINGFIELD
MACY'S
Retail Fulfillment Associate, Galleria at Pittsburgh Mills - Part Time
Permanent · TARENTUM
MACY'S
Asset Protection Captain, Orland Square - Full Time
Permanent · ORLAND PARK
MACY'S
Asset Protection Security Guard, Queens Center - Part Time
Permanent · NEW YORK
MACY'S
Retail Fulfillment Associate, Village at Fairview - Part Time
Permanent · FAIRVIEW
MACY'S
Asset Protection Detective, Marley Station - Part Time
Permanent · GLEN BURNIE
MACY'S
Asset Protection Security Guard, Broadcasting Square - Part Time
Permanent · WYOMISSING
MACY'S
Asset Protection Security Guard, Winter Garden Village - Part Time
Permanent · WINTER GARDEN
MACY'S
Manager, Asset Protection
Permanent · SPRINGFIELD
MACY'S
Asset Protection Security Guard, Centerton Square - Part Time
Permanent · MOUNT LAUREL TOWNSHIP
MACY'S
Retail Fulfillment Associate, Westland - Part Time
Permanent · HIALEAH
MACY'S
Asset Protection Security Guard, Bloomingdale Court - Part Time
Permanent · BLOOMINGDALE
MACY'S
Retail Fulfillment Associate, Cumberland Mall - Full Time
Permanent · ATLANTA
MACY'S
Asset Protection Security Guard, Broadcasting Square - Full Time
Permanent · WYOMISSING
MACY'S
Retail Fulfillment Associate, Riverpark - Part Time
Permanent · FRESNO
MACY'S
Retail Fulfillment Associate, Shoppes at Buckland Hills - Part Time
Permanent · MANCHESTER
MACY'S
Retail Fulfillment Associate, Empire - Part Time
Permanent · SIOUX FALLS
By
Reuters
Published
Dec 10, 2015
Reading time
2 minutes
Download
Download the article
Print
Text size

Strong start to Christmas season at Zara-owner Inditex

By
Reuters
Published
Dec 10, 2015

Profit at Inditex, owner of fast fashion group Zara, rose by one fifth in the nine months to October, with its on-trend offer making a sprightly start to the Christmas season.

Profit of 2.02 billion euros ($2.22 billion) showed the group has kept abreast of the mild weather which has dulled demand for heavier winter clothes around Europe, reflected in weak retail sales data in countries such as Britain.


Inditex


Sales at the world's biggest fashion retailer in the four weeks from Nov. 1 to Dec 3 rose 15 percent, as did sales in constant currencies in the nine-month period, a tad slower than in previous quarters.

"We can say that Inditex is trading just as strongly in the fourth quarter to date as it did in the third," Societe Generale analyst Anne Critchlow said, adding that the numbers should support the share price.

Many market watchers have flagged the rich valuation of its shares, trading at around 34 times 2016 projected earnings, according to Reuters data, versus 24 times 2016 earnings for rival Hennes & Mauritz. Inditex shares have rallied 37 percent so far this year.

Zara, Inditex's leading label, wowed shoppers this season with a minimalist straight-cut look, teaming muted colours with ankle boots and trousers of all shapes and lengths.

Inditex, a global fashion group headquartered in Spain and operating under nine brands, said growth of store space had been in line with its plans, and like-for-like sales growth had been "solid", without elaborating further.

However, gross margin, a closely-watched measure of profitability, slipped to 58.8 percent from 59.4 percent last quarter, likely affected by a strong U.S. dollar which increases its supplier costs in Asia.

But this affects Inditex less than its peers because it tends to source closer to home, helping it to lend itself more quickly to changes in tastes and deliver them speedily.

Core earnings (EBITDA) rose 18 percent to 3.33 billion euros, in line with a Reuters poll.

The company will hold a conference call at 0800 GMT.

$1 = 0.9092 euros


 

© Thomson Reuters 2024 All rights reserved.