Industria de Diseno Textil SA

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Industria de Diseño Textil SA engages in the retail and sale of clothing, footwear, and accessories. It operates through the following segments: ZARA, Bershka, and Other. The firm's other brands include of Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Zara Home, and Uterqüe. The company was founded by Amancio Ortega Gaona in 1963 and is headquartered in A Coruna, Spain.

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Shares of European fashion brands Adidas, Inditex and H&M fell on Thursday as they faced a storm of criticism on social media in China over comments they have previously made about Xinjiang.

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Industria de Diseño Textil, S.A. (IDEXY) CEO Carlos Crespo on Full Year 2020 Results - Earnings Call Transcript

A strong e-commerce strategy and unique approach to manufacturing set the fashion giant apart.

Zara Owner Inditex Saw Profits Plunge 70%. Here's Why It Will Rebound.

Zara owner Inditex forecast healthy sales as soon as lockdowns are lifted, after the coronavirus crisis knocked its net profit to 1.1 billion euros ($1.31 billion) in 2020, a drop of 70% on the previous year.

Inditex looks post-lockdown with 'optimistic' spring range

Inditex (ETR: IXD1) said on Wednesday that its net profit in 2020 came in at £940 million that represents a broader than expected 70% decline on a year over year basis. The company attributed its dovish performance to the ongoing Coronavirus pandemic that pushed its stores into temporarily shutting down last year.

Inditex says its full-year net profit tanked 70% due to COVID-19 restrictions

Inditex staff in Spain say they are being forced out as the owner of fast-fashion brand Zara rolls out its plan to shut up to 1,200 stores worldwide, despite a company agreement with Spanish unions to project jobs.

Spanish unions cry foul as Inditex shuts stores

Spanish-based fast-fashion retailer Inditex is about to expand its presence in the digital medium and substantially increase its online sales in the following years. Despite the pandemic, the recent growth of online sales signals that the company is moving in the right direction, and digitizing its operations is the way to go.

Inditex: Digital Is The Way To Go

In a report on Tuesday, Inditex (ETR: IXD1) said that its sales and net profit in the fiscal third quarter noted a decline due to the ongoing Coronavirus pandemic that has so far infected more than 73 million people worldwide and caused over 1.6 million deaths. Inditex opened more than 0.5% up on Tuesday but lost roughly 2.5% in the next hour.

Inditex reports a decline in its third-quarter net profit and sales

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Inditex is slowly recovering from the pandemic and there's every reason to believe that the company will be able to improve its performance in the next few months.

Inditex: The Recovery Is On Its Way

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After logging the lowest levels recorded since 2003, the Spanish benchmark index IBEX35 recovered nearly 40% of losses in June. However, the rebound has proved to be unsustainable so far, with IBEX35 rotating lower again on slower-than-planned recovery.

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Inditex (BME: ITX), the mother company of Zara, Bershka, and Massimo Dutti, returned to a quarterly profit from May through July, in spite of a 31% sales decline due to coronavirus lockdown measures.  Fundamental analysis: Sales rebound Inditex said that 98% of its stores had reopened and pointed out that there are signs of progress as its online sales are growing rapidly and store sales are recuperating.

Should you buy Inditex stock as Zara-owner returns to profit?

Inditex (BME: ITX) said on Wednesday that its sales in the period from May to July came in 31% lower as Coronavirus continues to hinder customers’ return to its stores. Despite a dovish stance on sales, however, Inditex still returned to profit during these three months.

Inditex returns to profit in Q2 despite a 31% lower sales

Industria de Diseño Textil, S.A. (IDEXY) CEO Carlos Crespo on Q2 2020 Results - Earnings Call Transcript

Fashion retailer Inditex , owner of Zara, returned to quarterly profit in the three months from May to July but reported sales down 31% on the year-ago period as virus-wary consumers stayed away from city centre shopping districts.

Zara owner Inditex returns to profit in second-quarter

Zara-owner Inditex's little-known budget brand Lefties started online sales in Spain and Portugal on Thursday, giving the label a digital advantage over discount fashion chain Primark in its second-biggest market.

Zara-owner Inditex starts online sales at budget brand Lefties

SAN FRANCISCO--(BUSINESS WIRE)--dLocal, an award-winning fintech company that specializes in cross-border payments for emerging markets, announced today that it is supporting Zara’s e-commerce operations in Uruguay and Paraguay through the use of its payments platform. This provides an enhanced online shopping experience for Zara’s customers.

Zara (Inditex) Picks dLocal to Support e-Commerce Operations in Uruguay and Paraguay

Spanish fashion group Inditex on Wednesday pledged to maintain workers' rights throughout its supply chains and the stability of payments to suppliers, as the garment industry wrestled with a plunge in orders during the COVID-19 crisis.

Zara owner Inditex pledges support for fashion supply chain as coronavirus bites

Industria de Diseño Textil, S.A. (IDEXY) CEO Carlos Crespo on Q1 2020 Results - Earnings Call Transcript

Inditex (BME: ITX) said on Wednesday that it swung to a loss in the first quarter as the Coronavirus pandemic forced its shops into temporarily closing in recent months. The company also revealed a £2.4 billion plan aimed at increasing its focus on online sales and large stores that pushed the shares of the company up by more than 4% on market open after declining by over 2% in premarket trading on Wednesday.

Inditex swings to a loss as Coronavirus shuts stores in the first quarter

The world's largest fashion group, Inditex, reported its first quarterly loss Wednesday, as it described being "materially impacted" by the coronavirus pandemic.

World's largest fashion group, Inditex, reports first loss despite jump in online sales

If Looking For Survivors In The Retail Apparel Industry, Inditex Is Your Pick

Employees at global fashion giant Inditex's 10 logistics centres in Spain - from where it sends garments to its stores worldwide - returned to work on Monday but only to less than half their normal levels of activity, workers said.

Fashion giant Inditex working at reduced capacity despite loosened Spanish lockdown

Inditex  has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, effectively freezing the nerve centre of its business from which it supplies stores worldwide.

Exclusive: Spain's coronavirus crisis stalls global fashion giant Inditex

Industria de Diseño Textil, S.A. (IDEXY) CEO Carlos Crespo on Q4 2019 Results - Earnings Call Transcript

News for Industria de Diseno Textil SA Stock (IDEXY)