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…
MADRID | The Inditex Group reported Wednesday net sales in the first quarter of 2012 February to April of €3.4 billion, 15% higher year-on-year (14% in local currencies). Net income amounted to €432 million, 30% more than in the first quarter of 2011. The Spanish company said it had opened 91 new stores during the quarter, bringing the total store base to 5,618. The new stores were opened in 26 markets. In a…
The Spanish Inditex Group reported that its newest retailer launched uterque.com, an online store to shoppers in Belgium, the Netherlands and Austria. These three markets add to six more online operations active in European countries. The new online shops went live in April and, as is customary, they offer the same range of merchandise as that found in high street stores, along with the same policy on returns and exchanges….
MADRID | Morgan Stanley in Madrid released an investor note on Tuesday with some recommendations, and we spotted a couple of Spanish companies (always on the bright side, we know…) “We propose the following basket of 64 stocks (Nifty Fifty +) with the intent to replicate the behaviour on the original list (Nifty Fifty) for the years 60/70 in the U.S. “The criteria we used for this stock selection exercise are:…
For Spain’s Inditex, weathering the crisis isn’t near enough: the company seems ready for a full combat. Inditex board will submit a proposal to the annual general meeting of shareholders in July for payment of a dividend of €1.80 per share, an increase year on year of 12.5pc. This dividend will consist of a €0.9 per share interim dividend payable on 2 May 2012 and a €0.90 per share final…
