×
77 056
Fashion Jobs
OLD NAVY
General Manager - Liberty Center
Permanent · Liberty Township
NIKE
Manager, Vendor Management Office – Global Tech
Permanent · Beaverton
NIKE
Marketplace Operations Business Analyst
Permanent · Beaverton
NIKE
Senior Product Line Manager - Men’s Classics Footwear
Permanent · Beaverton
JCPENNEY
Asset Protection Security Specialist
Permanent · Plano
JCPENNEY
Asset Protection Specialist
Permanent · Plano
LULULEMON
Keyleader/Store Business Lead | Sawgrass Mills Outlet
Permanent · Sunrise
TAPESTRY
Area Manager
Permanent · Columbus
TAPESTRY
Manager, Human Resources
Permanent · New York
MICHAEL KORS STORES CALIFORNIA INC
Operations Manager
Permanent · Ontario
ESTÉE LAUDER
Senior Lead, Business Analyst, R&D Innovation & Planning
Permanent · New York
ESTÉE LAUDER
Director, Global Digital Creative Design
Permanent · New York
ABERCROMBIE AND FITCH CO.
sr. Procurement Analyst, Supply Chain
Permanent · Columbus
CENTRIC BRANDS
Account Executive - Ecommerce
Permanent · New York
ADIDAS
Manager, Gbs Payroll
Permanent · Portland
ADIDAS
sr. Manager, Gbs Payroll
Permanent · Portland
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Tulsa
KOHLS
Senior Business Operations Analyst - HR
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Fargo
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Hodgkins
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Cartersville
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Wheaton
By
Reuters
Published
Dec 11, 2008
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Inditex 9-mo net profit up 2 pct, misses forecast

By
Reuters
Published
Dec 11, 2008

* Nine-month net profit 843 mln euros ($1.2 billion)

* Misses analysts' expectations of 865.4 million euros

* Q4 sales so far show same growth patterns as Q3

MADRID, Dec 11 (Reuters) - Zara fashion store owner Inditex reported nine-month net profit up 2 percent on Thursday boosted by the aggressive store opening rate of Europe's biggest clothing retailer.


Zara fall-winter 2008/2009

Inditex reported net profit of 843 million euros for the three months to end-October, missing the forecast of a Reuters poll of 11 analysts of 865.4 million euros.

Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 1,545 million euros on sales of 7.35 billion euros, up 11 percent.

Sales in the first six weeks of the fourth quarter showed the same patterns of growth as the third quarter, Inditex, whose financial year starts in February, said.

Inditex is due to give a conference call for analysts at 0900 GMT.

Investors will look for any indications of how a sharp drop in consumer demand worldwide has affected sales in the group's branded stores which range from upmarket Massimo Dutti to teen fashion offering Bershka.

Economists expect Spain, accounting for around 35 percent of Inditex's business, to enter recession this year.

© Thomson Reuters 2022 All rights reserved.