Inditex Revenue Increased 6.5% In The First Nine Months.

Zara's parent company, the world's largest apparel retailer, Inditex SA (ITX.MC) recently disclosed that the net sales of Euro 12 billion 700 million in the first nine months of the fiscal year were slightly higher than the market forecast of 12 billion 600 million euros, an increase of 6.6% over the previous year, of which the comparable increase in stores and online sales reached 10.5% on the local exchange rate, and entered the first quarter of November and the first week of December in the four quarter. As European weather returned to normal, the comparable growth of stores and online sales increased to 14% at local exchange rates, which stimulated Inditex SA (ITX.MC) up to 4.3% on Thursday.

Net profit in the first nine months was 1 billion 686 million euros, up 0.7% from 1 billion 674 million last year, which is in line with market expectations.

Core earnings EBITDA increased by 1.8% to 2 billion 825 million euros per year, and the market forecast was 2 billion 800 million euros, 2 billion 776 million euros in the same period last year, and the EBITDA profit margin decreased by 100 basis points to 22.2% due to the depreciation of currencies such as rouble and Japanese yen and changes in accounting standards.

Gross margin also decreased by 100 basis points, from 59.9% in the same period last year to 58.9%.

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The brand of Massimo Dutti and Oysho added 230 stores, bringing the number of shops in 88 countries to 6570, about 72% of them in Europe.

Societe Generale SA (SOGN.PA) Anne Critcholow, an analyst at Xing Xing bank, pointed out that Inditex SA (ITX.MC) has achieved substantial growth in the first nine months. She expects that the group will continue to be strong in the next few months after two consecutive years of downturn.

Bernstein analyst Jamie Merriman said Inditex SA (ITX.MC) showed a quick response to weather conditions and other negative conditions, which fully demonstrated the advantages of its business model, and the first five weeks of the fourth quarter were a good start for the Christmas season.

To the deadline,

SA (ITX.MC) rose 3.65% to 23.17 euros, narrowing its 2014 share price to 3.8% so far, while its biggest competitor, H&M Hennes & Mauritz AB (HMb.ST), had a 6.6% increase in the same period.

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The clothing brand Parker has been declared a lifestyle brand since it was bought by private brand manufacturer KELLWOOD in July this year.

7 Suzanne Silverstein, former vice president of for all mankind, joined Parker as president, and will report Lynn Shanahan to CEO of KELLWOOD company.

The CEO and co founder of Howard Highman and Laurieanne Gilner will be executive vice presidents and chief designers respectively.

Derek Farrar continues to serve as the head of the product.

Suzanne Silverstein has served as vice president of 7 for all mankind in the past two years.

Prior to that, she joined Saks Fifth Avenue in 1999, rising from the purchasing manager of sportswear, coats and swimwear to Vice President position.

"The goal of Parker is to develop into a lifestyle brand."

Silverstein said in an interview that the company will develop its business in existing retail accounts and launch e-commerce at the end of the first quarter.

In addition, Parker is trying to expand to new categories and further develop its evening dress line. Parker also wants to add swimsuits, handbags and footwear, all of which will be authorized.

It also hopes to eventually open its own retail store.

"This is the right direction.

The key is to develop other categories, so when we have our own retail stores, we will have full experience. "

Silverstein said she saw the demand in her department store.

"Sales per square foot is quite successful, sales performance is stable, and gives us the basis for these talks."

Due to its good performance, Parker is planning to become a large comprehensive department store of Neiman Marcus, a luxury department store in the US.