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Inditex: a resilient model, but increasing risks and lack of visibility are blocking the stock short-term despite comfortable multiples

Bankinter | Inditex’s 2021 results (closed at 31 January 2022) have not met expectations and the outlook is deteriorating. The model is showing resilience, with strong cash flow generation. However, forecasts for 2022 are getting complicated. On the revenues side: activites in Russia and Ukraine suspended (9% of stores), outbreaks of Covid-19 in China (5% of stores) and the deterioration in confidence and purchasing power of consumers in Europe and…

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Inditex: Record Sales With 11% Fewer Shops

Inditex’s (ITX) net profit for the first nine months of its fiscal year (1 February 2021 to 31 October 2021) rose 273% to 2.5 billion euros. In the watertight third quarter, the textile company said sales, profit before tax and net profit reached an all-time high. During the third quarter of 2021, sales growth at constant exchange rates progressively accelerated to 21% compared to the third quarter of 2020 and…

Inditex results

Inditex, With €7 billion In Cash, To Resume Dividend (€0.7 Per Share)

Inditex earned 421 million euros in the first quarter of its fiscal year (1 February to 30 April) compared to a loss of 409 million euros a year earlier. The company’s sales were 4.942 billion euros, up 50% from 3.303 billion euros in the first quarter of 2020. Online sales at constant exchange rates grew by 67%. Key figures compared to Bloomberg consensus: Sales €4.942bn (+49.6%) vs €4.880bn (+47.7%) expected….

Inditex results

Inditex Enters The Cosmetics Business With Zara Beauty

T.C. | The world leader in the textile sector, Inditex, today announced its foray into the world of cosmetics from Wednesday 12 May, with the launch of a new cosmetics line, Zara Beauty. It “will be integrated as another section and will be available online in all European markets, USA, Canada, China, South Korea, Japan, Mexico, Australia and New Zealand.” Later, it will be incorporated in all countries and have…

Spain is not just an exporting country, but also one which invests abroad

“Spain Is Not Just An Exporting Country, But An Investor Abroad”

Ana Fuentes/Carlos Díaz Güell | “We were a very poor country which in the last 40 years has made a spectacular transformation. Today there are over 150,000 companies which export regularly and have exported at least in the last three years”, explains Carlos Espinosa de los Monteros, High Commissioner for the Spain Brand (Marca España), and privileged observer of the economic reality in Spain and how its business class has evolved over the last few decades.


Zara And Movistar Amongst The Top 100 Names In Terms Of Brand Value

Zara and Movistar are the only two Spanish companies which appear amongst the top 100 in the world in terms of their brand value, according to the ranking “Brandz Top 100” elaborated by consultancy firms Millward Brown and WPP. Google is top of the list, ahead of technology firm Apple.


Spanish Zara owner Inditex’s sells more, yet earns less

MADRID | The Corner | The world’s largest clothing retailer Inditex posted a net benefit of €928 million in the first fiscal semester (February 1 to July 31), 2.4% less than a year before due a strong euro, new store openings and renovation costs. And yet, it managed to incresase sales at its more than 6,400 stores rose 5.6 percent to €8.1 billion. The firm, which has outperformed many of its rivals during the economic crisis, will share a dividend of €0.242 euros on Nov 3. 

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Inditex acquires Zara store premises in London’s Oxford street

How to make wife jealous LONDON | Inditex confirmed it has acquired the premises of Zara flagship store at the intersection of Oxford and New Bond streets in London, one of the top fashion retailing destinations worldwide. The 7,000-square-metre property is home to one of the most emblematic Zara stores in the world. The building has 3,155 square metres of prime retail space and 3,855 square metres of prime office…


Zara arrives in New York’s 5th Avenue

NEW YORK | In allegedly the most expensive shopping street in the world, Zara inaugurated Wednesday its new flagship store. Fashionistas, entrepreneurs and journalists attended the Spanish clothing retailer debut, which is their US largest bet so far. The company  bought the real estate property for $324 million and claims the store to be a totally new concept. Would it be worth the money? Hard to say, but the visit of…