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Industria de Diseño Textil, S.A. (IDEXY) CEO Oscar Garcia Maceiras on Q4 2021 Results - Earnings Call Transcript

Global clothing retailer Inditex, parent company of Zara, on Wednesday (March 16) in its 2021 full-year and fourth-quarter earnings presentation said it expects 30% of its revenue to come from online

Industria de Diseno Textil SA booked slower sales growth in the fiscal year's final quarter amid a Covid-19 outbreak, though it said earnings surged and performance has recovered strongly at the begin

Zara owner Inditex reported on Wednesday its net profit more than doubled in 2021 to 3.2 billion euros ($3.51 billion) after its sales almost recovered from the pandemic as many countries eased the re

A Preview Of The Crazy Week Ahead Here is just a sample of the events on deck this week: a Fed rate hike, a Russian default, a meeting between the US and China, even more sanctions against Russia, the first double-digit (10%) PPI print in decades, a big drop in retail sales, a freak surge in covid across China, oh and a $3.3 trillion notional option expiration on Friday and all happening with liquidity at record lows. Yes, this week will be insane. As DB''s Jim Reid summarizes what''s coming, it''s a big central bank week with the Fed the obvious focal point mid-week. The BoE and the BoJ also hold meetings, along with some of their emerging markets counterparts. We''ll also see CPI for Japan and Canada and a number of housing market statistics in the US and China. Earnings will include Volkswagen, FedEx and Enel, among others. Wednesday will also be a landmark day even outside of the Fed as this is the date that two Russian Eurobonds have coupon payments. These are small (c.$120bn out of c.$1.75bn of annual hard currency coupons) but will be hugely symbolic.

As Russia’s invasion of Ukraine continues to disrupt global markets markets, more big companies are frowning on Russia’s show of power and are taking action to show solidarity with Ukraine by exiting the world’s largest country one after the other across different sectors. About two weeks after the invasion started, at least 40 companies have left Russia or stopped the sale of their products and services in the county in no particular order. Manufacturing Car and truck makers such as General Motors Company, Ford Motor Company, Volkswagen AG, Toyota Motor Corporation, Harley-Davidson, Mercedes Benz, and Volkswagen, announced they would halt shipments to Russia or shut down assembling plants in the country. Volvo and Daimler Truck Holding AG also suspended business activities in the country. “We clearly stand for peaceful global cooperation and categorically reject any form of military force; we have decided to suspend our business activities in Russia with immediate effect until further notice,” Daimler tweeted via its official handle.

Fashion giant Inditex, which owns Zara, has halted trading in Russia, closing its 502 shops and stopping online sales in the country. The post Zara closes 500 Russian stores and luxury retailers shut up shop in country appeared first on Retail Gazette .

The ready-to-wear maker Inditex, which owns Zara, said on March 5 it will temporarily close its shops and online sale services to Russia. This move comes as a result of the Russian military offensive on Ukraine, which resulted in significant destruction, a refuge crisis, and several fatalities. The fashion company is temporarily suspending its activity across its 506 shops in Russia, among them 86 Zara shops, according to the company. Inditex is a Spanish group specializing in the manufacturing and distribution of ready-to-wear fashion garments with over 7,000 shops worldwide, and owns several brands, including Pull and Bear, Stradivarius, and Bershka. Recently, Spanish Fashion ready-to-wear brand Mango also announced that it will temporarily shut down its shops, and its online sale services to Russia. The post Fashion ready-to-wear giant Inditex temporarily closes Zara shops in Russia appeared first on HESPRESS English - Morocco’s leading digital media .

Inditex falls in line with other big western brands following the invasion of Ukraine and the imposition of economic sanctions

FRANKFURT, Germany: The German sports company Puma said Saturday (Sunday in Manila) it would temporarily shutter its shops in Russia, following other retailers and businesses in suspending their operations after the invasion of Ukraine. The outfitter, based in Herzogenaurach in Germany, said in a statement it had "decided to suspend operations of all its stores in Russia," after a similar announcement earlier on Saturday by the Spanish clothing giant Inditex, owner of Zara. "Less than four percent" of the German sportswear company''s revenue came from Russia, a spokeswoman for Puma told AFP, with the global figure coming to 6.8 billion euros ($7.4 billion) in 2021. Puma will "continue to pay the full salary of our employees" at "more than 100" retail locations across the country, the spokeswoman said. The German brand on Thursday said it would "suspend its contract With the Russian Basketball Federation", after the decision of the International Olympic Committee to recommend the exclusion of Russian athletes from international competition.

Zara, Paypal and Samsung are the latest international companies to shut down operations in Russia following the invasion of Ukraine. Clothing retailer Inditex will close all 502 stores of its eight brands, including Bershka, Stradivarius …

MADRID, Spain – Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday, March 5. The Zara owner is following some of the biggest western brands which have suspended operations in Russia, including its main rival H&M, following the invasion of Ukraine and the imposition of economic sanctions . “In the current circumstances Inditex cannot guarantee the continuity of the operations and commercial conditions in the Russian Federation and temporarily suspends its activity,” the world’s biggest fashion company said. Russia accounts for around 8.5% of the group’s global EBIT (earnings before interest and tax) and all the Inditex stores operate on a rental basis, Inditex said. “The investment is not relevant from a financial point of view.” Inditex said it would give its workforce of more than 9,000 people a special support plan, without giving any details. The group had said its 79 stores in Ukraine have already been temporarily closed.

Global fashion company Inditex, the parent company of Zara, announced on Saturday it was closing all shops in Russia amid the country''s ongoing invasion of Ukraine.The decision means the closure of 502 shops in Russia and a halt to all online sales…

KYIV: A strategic Ukrainian city put off a planned evacuation of residents yesterday blaming Russian forces for breaking their temporary ceasefire as the Russian leader warned the West of a wider war if a no-fly zone is set up. “Any movement in this direction will be considered by us as participation in an armed conflict by that country,” President Vladimir Putin said. With his Ukrainian counterpart Volodymyr Zelensky criticizing NATO for ruling out a no-fly zone for fear of sparking nuclear conflict, Putin spoke of “colossal and catastrophic consequences not only for Europe but also the whole world”, if such a zone was set up. For Zelensky, on day 10 of the invasion, under an escalating bombardment that has flattened more and more infrastructure and sent nearly 1.4 million civilians fleeing for their lives, the Western military alliance’s “no” to a no-fly zone had essentially given “the green light for further bombing of Ukrainian cities and villages”. Under siege Mariupol proudly resisted Moscow-backed rebels during a 2014 conflict, but the Azoz sea port has for days been without electricity, food and water in the dead of winter and people began gathering for the evacuation.

Spanish clothing company and owner of the Zara brand, Inditex, said on Saturday it has closed its 502 shops in Russia and halted online sales amid the crisis caused by Moscow''s military offensive …