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Wednesday, February 05


News

Cousins and Hines to Develop 100 Mill In Downtown Tempe

ITX

Cousins has a 90% ownership interest and Hines has a 10% ownership interest in the joint venture developing the project. Located on the southwest corner of Mill Avenue and Rio Salado Parkway and adjacent to Cousins' existing 1.3 million square foot Tempe office portfolio, 100 Mill is now 44% pre-leased, with two long-term lease commitments from a Fortune 100 company and a professional services firm. "Our pre-leasing activity is affirmation of the strong office demand in the Tempe submarket. We look forward to developing this premier office space in this vibrant city." The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets.

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News

Fast Fashion: How Zara, Boohoo, ASOS and PLT are taking over retail – in numbers

ITX

Leading online and High Street stores are doing very well – and research shows just how well they are doing. A new report byAsk Tradersreveals just how much money 30 of the world’s biggest fashion and retail brands make every second, minute, hour and day globally – and comparing those numbers with those of now defunct retailers shows starkly how many have gone under. The UK high-street has taken a hard hit over the past 12 months with multiple chains such as Poundworld, Maplin and Toys R Us going into administration. However online retailers such as Boohoo and ASOS seem to be going from strength to strength. They were closely followed by NBrown (Simply Be and Jackamo), which earns £29 in revenue every second and make just over half of that in profit. How much revenue and profit online fashion retailers make each second based on 2019 company reports.

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Monday, January 06


News

Apranga Group extends successful collaboration with Inditex

ITX

The leader of retail apparel market in Lithuania and the Baltic States Apranga Group and world’s leading fashion retailer Inditex have agreed for the sixth time to prolong the franchise agreements regarding Zara, Bershka, Pull and Bear, Stradivarius, Massimo Dutti, Zara Home and Oysho brands development in the Baltic States until 2022. The collaboration between Apranga Group and Inditex has started in 2004. Currently Apranga Group runs 50 stores of Inditex chain: 11 Zara, 7 Bershka, 7 Pull and Bear, 7 Stradivarius, 11 Massimo Dutti, 4 Zara Home and 3 Oysho. There were 7 490 Inditex group stores opened in 96 countries of the world on 31 January 2019, 1 078 of which were operated under franchise agreements.

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Thursday, December 19


News

Zara founder Ortega buys 5% of Spanish gas company Enagas

ITX TRI

Zara founder Ortega buys 5% of Spanish gas company Enagas. MADRID (Reuters) - Inditex <ITX.MC> founder Amancio Ortega has bought a 5% stake in Enagas <ENAG.MC>, which owns and operates Spain's gas grid, the energy company said in a statement on Thursday. The Spanish billionaire took the holding in Enagas through his investment vehicle Pontegadea, which took part in an Enagas capital hike, buying shares worth 282 million euros (£242.26 million) according to Reuters calculations. Enagas raised fresh capital after U.S. gas pipeline operator Tallgrass Energy <TGE.N> accepted a $6.3 billion offer from a consortium of which the Spanish energy group is part. Ortega's Pontegadea owns a 50.01% stake in Zara fashion store owner Inditex, as well as investments worth billions of euros in prime office and shopping districts.

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Tuesday, December 17


News

Global Lightweight Jackets Market 2019 – NIKE , – Adidas , – Zara , – H&M , – Gap , – Uniqlo , – The North Face , – Burberry – Industry Report 24

NKE ITX +1 more NKE ITX ADS

Global Lightweight Jackets Market 2019 – NIKE , – Adidas , – Zara , – H&M , – Gap , – Uniqlo , – The North Face , – Burberry. Market Research always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the worldwide Global Lightweight Jackets Market 2019 Analysis, Size, Share, Growth, Trends, and Forecasts is committed fulfilling the requirements of the clients by giving them thorough insights into the market. Request Free Sample Report of Global Lightweight Jackets Market 2019 Report @ http://www.marketresearchstore.com/report/global-lightweight-jackets-market-professional-survey-report-2017-136033#RequestSample. Some of the Major worldwide Lightweight Jackets Market 2019 Players Are : NIKE.

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Wednesday, December 11


News

Zara owner Inditex reports strong profit growth, shares at year highs

ITX

MADRID (Reuters) - Inditex (ITX.MC), owner of fashion chain Zara, shrugged off malaise affecting the broader apparel sector to post strong profit growth on Wednesday and forecast full-year same-store sales of up to 6%. At a time when fashion retailers are struggling to adapt to changing shopping habits, Inditex has benefited from its ability to quickly deliver small batches of the latest designs to consumers due to its fast and flexible sourcing arrangements. The company said it had tightly controlled operating expenses even as it enlarged and improved stores like the flagship Zara in The Dubai Mall in the United Arab Emirates. Inditex said the low inventory and strong sales seen in the financial period was thanks to its business model of tight control of products throughout the supply chain and quick response to trends due to short design-to-production times.

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Inditex rally pushes European shares up ahead of UK election, tariff deadline

ITX

(Reuters) - European shares made small moves on Wednesday in anticipation of pivotal global events such as a U.S.-China tariff deadline, UK general election and some central bank meetings, but a 5.2% rally in Zara owner Inditex ensured a higher close. The pan-European STOXX 600 index <.STOXX> ticked up 0.2% reversing early gains. Spanish shares <.IBEX> rose 0.8% to lead gains among regional peers as Inditex <ITX.MC> shares scaled a two-year high after posting a strong profit growth. The benchmark European index scaled four-year peaks in the past two months on optimism around an eventual departure for Britain from the European Union as well as hopes of a resolution to the U.S.-China trade war, but sentiment has lately been dampened by conflicting headlines on both.

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Technology and tracking help boost Zara owner’s sales by 7.5%

ITX

The Spanish retailer, which also owns Massimo Dutti and Bershka, said that sales rose to €19.8bn (£16.7bn) in the period. The company pointed to crucial “strategic investments” in technology, as well as in sustainability, for the gains. All of the group’s brands now operate online stories, and Inditex launched integrated online sales platforms for Zara, Zara Home, and Massimo Dutti in several new countries during the period. Inditex executive chairman Pablo Isla said on Wednesday that these figures confirm the strategy of the company, pointing to “the excellent performance of the entire Inditex team, whose commitment is enabling the delivery of continued sustained growth in our integrated stores and online model”.

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Zara Owner Inditex Climbs as Rapid Online Expansion Drives Sales

ITX

Zara owner Inditex continued to defy the retail gloom in the third quarter, as it tightened costs and pushed its rapid online expansion. The world’s largest fashion group posted a 12% profit rise to €2.7 billion in the first nine months of the year and robust sales growth of 7.5%. Inditex trimmed its stock inventory by 5% but still managed to increase sales, ramping up its online focus over the period. Zara said it launched online in South Africa, Ukraine, Colombia and the Philippines in September and October and remained on track with further sales launches.

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Sunday, November 17


News

Billionaire Zara founder builds global real estate empire

ITX

Spanish billionaire Amancio Ortega, the founder of clothing giant Zara, has built up a global real estate empire that includes offices used by Facebook and Amazon in Seattle and large swathes of London's Oxford Street. Pontegadea collects almost all of the dividends which Ortega earns -- 1.6 billion euros in 2019 -- and then re-invests the money in real estate, a spokesman for the holding firm said. His latest major real estate purchases came earlier this month when Pontegadea bought an office building used by Facebook in Seattle for $415 million (376 million euros) as well as the "Troy Block" complex in the same city which houses part of Amazon's headquarters for $740 million. It is "normal" for entrepreneurs with a lot of capital to set up an investment fund to manage the cash to "diversify and preserve" the fortune by building a "refuge" from stock market fluctuations, Juan Carlos Amaro, a professor of finance at the Esade business school in Barcelona, told AFP. Ortega, who founded fast-fashion giant Zara with his ex-wife Rosalia in 1975 in Spain's northwestern region of Galicia, fiercely guards his privacy and is known for being a prudent investor.

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