Tue, Aug. 2, 2:37 PM
- Zara employees in New York City plan to form a labor union.
- The fast-fashion retailer's store greeters, sales clerks, stockers, and fitting room personnel are all set to join the Retail, Wholesale, and Department Store Union which also reps workers at Macy's and Bloomingdale's
- Zara is owned by Inditex (OTCPK:IDEXY).
Tue, Apr. 12, 1:19 PM
- Zara (OTCPK:IDEXY) signed a deal for 50K-square feet of retail space in Mumbai, sources tell The Economic Times.
- The location is expected to be the largest ever for an international retailer in India, although a formal announcement by the company hasn't been made yet.
- Zara already has three stores in Mumbai.
- Now read India ETFs To Soar On Rate Cut?
Wed, Mar. 9, 8:23 AM
- Shares of Inditex (OTCPK:IDEXY) are higher in Madrid trading after the company reported on full-year results and set a road map for future growth.
- Inditex reduced its store expansion target with e-commerce sales thriving. Execs noted that long-term revenue targets are still intact, but with "lower capital intensity" due to the higher mix of e-commerce.
- FY2015 Inditex results: Sales +15.4% to €20.9B ($22.92B), like-for-like sales growth +8.5%, net profit +15% to €2.88B ($3.16B).
Mon, Feb. 22, 7:30 AM
- Job postings in Seattle indicate Amazon (NASDAQ:AMZN) is planning a strong push into fast-fashion apparel, notes Women's Wear Daily.
- One listing calls for a senior brand manager to "drive the DNA and face of a new brand."
- KeyBanc thinks Amazon's entry into fast-fashion will occur in 2017, with the initiative a top priority of management.
- The long term view on the fast-fashion development is that Amazon has the scale and data mining advantages to create some headaches for a broad group of retail firms including (NYSE:GPS), Uniqlo (OTCPK:FRCOY), XCel Brands (NASDAQ:XELB), Inditex (OTCPK:IDEXY), Urban Outfitters (NASDAQ:URBN), and L Brands (NYSE:LB).
Dec. 10, 2015, 1:16 PM
- Inditex (OTCPK:IDEXY) announces it plans to launch online businesses across Europe next year.
- The retail giant reported 9-month revenue of $16.14B (+16% Y/Y) and net income of $2.21B (+20% Y/Y).
Jun. 10, 2015, 7:24 AM
- Inditex (OTCPK:IDEXY) reports revenue rose 17% to €4.37B ($4.93B) in FQ1.
- Net profit rose 28% to €521M ($588M) during the period.
- Both marks exceeded the expectations of analysts.
- Operating expenses were up 15% as costs for new openings factored in.
- Inditex plans to launch Zara in Taiwan, Hong Kong, and Macau this year.
- Inditex results (.pdf)
Mar. 18, 2015, 10:03 AM
- Inditex (OTCPK:IDEXY) reports sales rose 8.3% to €18.12B ($19.22B) for its fiscal year ending on January 31.
- Net profit was up 5.2% to €2.5B ($2.65B).
- Same-store sales were up 5% for the year.
- The fast-fashion player is becoming a player in more markets across the world.
- Online sales were launched in South Korea and Mexico last year - while Taiwan, Hong Kong, and Macau will be entered this year.
- Inditex sells in the U.S. under the Zara, Massim Dutti, and Zara Home brand names.
Feb. 10, 2015, 12:40 PM
- Zara (OTCPK:IDEXY) will open about a dozen stores in the U.S. this year to add to the 52 it already operates.
- Another Inditex brand, cheap chic Stradivarius, appears unlikely to enter the U.S. due to the "phenomenally competitive" market and strong dollar, according to analysts.
- The slower roll-out of European fast-fashion brands in the U.S. has given some breathing room to apparel retailers.
Jan. 8, 2015, 11:01 AM
- Uniqlo (OTCPK:FRCOY) reports revenue rose 23% to ¥389B ($3.25B) in FQ1.
- Operating profit rate +230 bps to 19.1%, with gains spread across all three segments (Uniqlo Japan, Uniqlo International, Global Brands).
- The company has a stated goal of maintaining +20% top-line growth through 2020 as it becomes a bigger force in new regions with its lightning-fast ability to bring on-trend products to market.
- Retail analyst Rahul Sharma points out that the strong numbers from the fast-fashion firm pose a threat in the apparel sector.
- Previously: Fast-fashion ace Uniqlo looks to disrupt U.S. market (Sep. 18 2014)
- Related stocks: OTCPK:HMRZF, OTCPK:IDEXY, GPS, URBN, ANF, AEO, ARO, EXPR, PSUN, ZUMZ.
Jan. 5, 2015, 7:38 AM
- A slowdown at West Coast ports continues to impact the retail sector as negotiations between dockworkers and shippers progresses slowly.
- Fast-fashion firms (OTCPK:HMRZF, OTCPK:FRCOY, OTCPK:IDEXY) and apparel sellers (LULU, ANN, GPS, KATE, ANF) are most at risk notes, Cowen Research.
- Inventory dislocation in the sector could boost TJX Companies (NYSE:TJX) and Ross Stores (NASDAQ:ROST).
Dec. 31, 2014, 9:43 AM
- The push by large-format stores to downsize gives growing retail chains an easy path to accelerate growth.
- ICSC notes the trend of real estate managers such as DDR Corporation (NYSE:DDR) to remerchandise high-quality space before lease expiration could increase even more in 2015.
- What to watch: Nordstrom Rack (NYSE:JWN), Trader Joe's, Sprouts Farmers Market (NASDAQ:SFM) Dick's Sporting Goods (NYSE:DKS), and Whole Foods Market (NASDAQ:WFM) are expected to continue utilizing sub-leases or reworked leases to add outlets. Fast-fashion retailers Hennes & Mauritz (OTCPK:HMRZF), Fast Retailing (OTCPK:FRCOY), and Inditex (OTCPK:IDEXY) might also take advantage of the trend as they look to increase their brick-and-mortar U.S. presence.
- Previously: Big box retailers expected to follow sub-leasing strategy (Dec. 30 2014)
Oct. 8, 2014, 6:51 AM
- Cowen Research weighs in on the global apparel industry.
- The investment firm thinks the market will grow in the low single digits over the next few years.
- Moderate materials costs inflation will partially offset higher labor and compliance, predicts Cowen.
- Related stocks: OTCPK:FRCOY, OTCPK:IDEXY, GPS, PVH, RL, NKE, OTCQX:ADDYY, OTCPK:HMRZF, LULU.
Sep. 18, 2014, 10:44 AM
- Uniqlo (OTCPK:FRCOY) aims to have 39 stores up and running in the U.S. by the middle of November as it builds out its fast-fashion brand with consumers.
- The company has a goal to have 200 stores in the U.S. by 2020.
- What to watch Though traditional rivals for Uniqlo include Zara (OTCPK:IDEXY), Hennes & Mauritz (OTCPK:HMRZF), and Gap (NYSE:GPS) - an explosive growth run by Uniqlo could threaten clothing chains (AEO, ARO, ANF, PSUN, ZUMZ, EXPR, BKE, URBN, WTSL, JNY, CACH, CATO, BEBE, TLYS) up and down the retail sector over the longer term.
Aug. 27, 2014, 12:27 PM
- Fast-fashion leader Zara pulled a shirt being marketed to young children due its historically-significant resemblance to a concentration camp uniform.
- The blue-and-white striped shirt with a six-point yellow star was intended to be a Sheriff T-shirt, but created a social media uproar for insensitivity.
- What to watch: The fast-fashion industry and has been lauded for its speed-to-market and on-trend capabilities, but has been also subject to marketing misfires in the haste to promote.
- Zara is owned by Inditex (OTCPK:IDEXY).
Apr. 9, 2014, 11:09 AM
- Fast-forward companies have the scale to continue to put the pricing hammer to teen retailers (AEO, ARO, ANF, GPS, PSUN, ZUMZ, EXPR, BKE), according to analysts.
- Though the group has been shifting strategy to align closer to the new styles and pricing points that teenagers want, fast-fashion giants such as Hennes & Mauritz (HMRZF), Fast Retailing (FRCOY), and Inditex (IDEXY) appear to be at least a step ahead.
- What to watch: Critical to the successful transition of any teen retailer toward a fast-fashion model will be the ability to retool supply chains and cut down manufacturing turnaround times. Gap might have the edge in this area..
Currently, there's no company description for IDEXY.
Sector: Consumer Goods
Industry: Department Stores