rakuten left binance left net_left adver left

Zara owner Inditex sales rebound to top pre-pandemic levels

MADRID (Reuters) - Fashion brand Zara owner Inditex (MC:ITX) rebounded with an 850 million euro second-quarter profit on Wednesday as sales topped pre-pandemic levels,...
Zara owner Inditex sales rebound to top pre-pandemic levels © Reuters. FILE PHOTO: A staff member sorts clothes inside a clothing store of Inditex's Zara brand at a newly opened shopping mall in Beijing, China April 16, 2021. REUTERS/Tingshu Wang/File Photo

MADRID (Reuters) - Fashion brand Zara owner Inditex (MC:ITX) rebounded with an 850 million euro second-quarter profit on Wednesday as sales topped pre-pandemic levels, outshining Swedish rival H&M.

The world's biggest fashion retailer's sales bounced back and slightly surpassed the level seen before the pandemic as most stores reopened and people rushed to renew their wardrobe after store closures imposed to curb the spread of the virus.

The Spanish company's second-quarter net profit was higher than the 214 million euros ($181.14 million) booked in the same period in 2020 and 4% higher than the profit in 2019.

Swedish rival H&M, the world's second-biggest fashion retailer, on Wednesday said sales grew less than expected from a year ago in the three months through August, and remained lodged below pre-pandemic levels.

Although fashion retailers are recovering from the impact of the pandemic, the recent spread of the Delta variant of the coronavirus means some restrictions have been reintroduced, while many industries face supply problems due to a shipping container shortage and other bottlenecks.

Inditex said sales accelerated in the May-July period to 6.99 billion euros, 7% higher than in the same period in 2019, as shoppers started buying clothes again for summer social events to enjoy their new freedoms made possible by vaccination campaigns.

The sales during the second quarter were in line with the 7.02 billion euros expected by analysts polled by Refinitiv.

Inditex said shop and online sales at constant exchange rates between August and the first week of September were 22% higher than a year ago and 9% higher than in the same period of 2019.

Analysts said consumers have shifted their spending recently to focus on fashion workwear as big cities slowly return to normality and most lockdowns are lifted, a trend which is benefiting large fashion retailers such as the Inditex brands.

During the pandemic, Inditex strengthened its digital retail platform and shut its smaller outlets worldwide in favour of expanding flagship stores able to function as mini distribution hubs.

Inditex said 99% of all of its stores have reopened and is currently operating 6,654 stores worldwide compared with 7,337 stores a year ago.

Inditex online sales rose 36% in the first half compared with the same period in 2020, when restrictions on mobility in key markets including Britain, Germany and France forced shoppers to buy from home.

The company expects online sales to exceed 25% of total sales this year and will launch a men's sports collection under the name Zara Athleticz at the end of September.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 109% to 3.1 billion euros, closed to the 3.4 billion reported in 2019.

($1 = 1.1814 euros)

ig right nyse right Neteller adver right
APPROVED BROKERS
Row 1 Left net_home_top Row 1 Right Row 2 Left Row 2 Center Row 2 Right Main Right TOP 07 Main Right TOP 06 Main Right TOP 05 Main Right TOP 04 Main Right TOP 03 Main Right TOP 01
28-09-2021 03:08:01 (UTC+7)

EUR/USD

1.1697

-0.0016 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.1697

-0.0016 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.3704

+0.0022 (+0.16%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (3)

USD/JPY

111.00

+0.28 (+0.26%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (3)

AUD/USD

0.7289

+0.0031 (+0.42%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2629

-0.0024 (-0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (3)

EUR/JPY

129.85

+0.15 (+0.12%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (3)

EUR/CHF

1.0831

+0.0008 (+0.07%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (3)

Gold Futures

1,750.25

-1.45 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Silver Futures

22.648

+0.223 (+0.99%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

Copper Futures

4.2817

-0.0038 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (6)

Crude Oil WTI Futures

75.47

+1.49 (+2.01%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (2)

Brent Oil Futures

78.64

+1.41 (+1.83%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (2)

Natural Gas Futures

5.851

+0.651 (+12.52%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

US Coffee C Futures

194.98

+0.63 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

Euro Stoxx 50

4,165.48

+6.97 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,444.03

-11.45 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

DAX

15,573.88

+42.13 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,063.40

+11.92 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Hang Seng

24,208.78

+16.62 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,284.15

+30.27 (+1.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

IBEX 35

9,002.90

+129.80 (+1.46%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

BASF SE NA O.N.

64.740

+1.040 (+1.63%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (5)

Bayer AG NA

47.47

+0.99 (+2.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Allianz SE VNA O.N.

196.19

+3.85 (+2.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Adidas AG

278.80

-2.77 (-0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Deutsche Lufthansa AG

6.561

+0.328 (+5.26%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (2)

Siemens AG Class N

147.27

-0.84 (-0.57%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

Deutsche Bank AG

11.120

+0.285 (+2.63%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

 EUR/USD1.1697↑ Sell
 GBP/USD1.3704Sell
 USD/JPY111.00Neutral
 AUD/USD0.7289↑ Sell
 USD/CAD1.2629↑ Buy
 EUR/JPY129.85Neutral
 EUR/CHF1.0831Neutral
 Gold1,750.25↑ Sell
 Silver22.648Sell
 Copper4.2817↑ Sell
 Crude Oil WTI75.47↑ Buy
 Brent Oil78.64↑ Buy
 Natural Gas5.851Sell
 US Coffee C194.98↑ Buy
 Euro Stoxx 504,165.48↑ Sell
 S&P 5004,444.03↑ Sell
 DAX15,573.88↑ Sell
 FTSE 1007,063.40↑ Sell
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,284.15↑ Sell
 IBEX 359,002.90Buy
 BASF64.740↑ Sell
 Bayer47.47↑ Buy
 Allianz196.19↑ Buy
 Adidas278.80↑ Sell
 Lufthansa6.561↑ Buy
 Siemens AG147.27↑ Sell
 Deutsche Bank AG11.120↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(0/ 0) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 28-09-2021 03:08:03
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,750.07+0.580.03%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.47+0.220.29%
Brent$79.43+0.430.54%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
Xem bảng tỷ giá hối đoái
binance main right Fxpro aetos main right adver main right