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IBEX:ITX, Jun 25, 06:37 UTC

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Zara's Indian partner is building its own cheaper fashion chain

ITX

Its retail arm, Trent Ltd., has fine tuned its local supply chain to deliver “extreme fast fashion” which can get runway styles to customers in just 12 days, the same compressed timeline that’s turned Inditex into a $90 billion empire. Trent now plans to open 40 outlets of its flagship Westside chain every year and hundreds of its mass market Zudio stores, where nothing costs more than $15, across India, said chairman Noel Tata in an interview in Mumbai. Trent, part of the $111 billion salt-to-software Tata conglomerate, is hoping its quick and responsive supply chain will help it become as ubiquitous in Asia’s third-largest economy as Zara is in the West. But it’ll need to fend off competition from both local brick-and-mortar stores as well as e-commerce giants to do so. The population’s “sense of fashion” has evolved, especially over the last three to four years due to smartphones and Internet data penetration, said Abhijeet Kundu, an analyst with Antique Stock Broking Ltd. “Every consumer wants to wear the latest fashion. Even if that consumer is from a smaller town, he will try to dress like a movie actor.”.

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Thursday, June 20


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Less is more? Inditex cuts stores but boosts space in home market Spain

ITX

Inditex cuts stores but boosts space in home market Spain. MADRID (Reuters) - The list of retail casualties shutting up shop seems to grow by the month but Inditex, the world's largest clothing retailer, is still betting on its network of physical stores to drive growth. Shutdowns have led some investors and analysts to worry about slowing sales growth at a company whose business has been built on a rapidly expanding store network. However, despite the store closures, the company has actually increased its overall selling space in Spain since 2012 by opening or expanding flagship outlets in prime locations, according to a source with knowledge of the matter. U.S. firm Gap Inc said earlier this year it would close 230 of its namesake brand's stores, the latest in a string of apparel retailers from Victoria's Secret to New Look that have shut stores without expanding net space.

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Monday, June 17


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The Praedium Group Acquires Harper in South Tempe, AZ

ITX

NEW YORK, June 17, 2019 /PRNewswire/ -- The Praedium Group, a New York City-based national real estate investment firm, today announced the acquisition of Harper in South Tempe, AZ. Constructed in 2018, Harper consists of eight, three-story buildings with modern interior unit finishes, market leading amenities, and convenient access to multiple Phoenix employment hubs, as well as attractive walkable retail. Unit interiors feature granite or quartz countertops, stainless steel appliances, undermount sinks, wood style cabinetry with undermount lighting, designer backsplashes, side-by-side refrigerators, handscraped hardwood flooring, full size washer/dryers, walk-in closets with custom wood shelving and balconies or patios. Josh Kogel, Associate of The Praedium Group, added: "The high barriers to entry for future multifamily supply in Tempe south of US 60 creates an attractive supply/demand dynamic in the submarket."

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Thursday, June 13


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IPA sells Tempe's MarQ for $24M

ITX

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of MarQ at 1st, a 164-unit apartment complex in Tempe, Arizona. “MarQ at 1st offers residents an array of advantageous lifestyle amenities, including the benefits of living near a major research university in one of the most coveted professional destinations in Arizona,” said Cliff David, IPA senior managing director. These severe supply constraints, and three core Class ‘A’ properties essentially across the street from the community make it a prime candidate for a significant apartment interior renovation program.” David and Steve Gebing, IPA senior managing director, represented the seller, Western Wealth Capital and procured the buyer, Knightvest Capital. Constructed in 1985, the property is less than a mile from Arizona State University’s (ASU) main campus and Tempe’s Mill Avenue District, which offers a mix of more than 125 local eateries and boutique retailers.

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Global Choker Market Demand 2019- H&M, ZARA, Forever21, ASOS, TOPSHOP, Urban Outfitters, Stradivarius, Bershka, Are You Am I – Cryptocurrency News

ITX

The contextual investigation helped give an overall examination of the Choker market business in order to help comprehend its clients focused examination, budgetary support, future formative degree, and mechanical systems. For understanding the worldwide market, right off the bat information in regards to the piece of the overall industry, size, and its anticipated conjecture patterns are of most extreme significance and all these are referenced with extraordinary lucidity in the present report. There are 15 Chapters to display the Global Choker market. Chapter 1, Definition, Specifications and Classification of Choker, Applications of Choker, Market Segment by Regions;Chapter 2, Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;Chapter 3, Technical Data and Manufacturing Plants Analysis of Choker, Capacity and Commercial Production 7/2/2018 5:03:00 PM, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis;Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);Chapter 5 and 6, Regional Market Analysis that includes United States, China, Europe, Japan, Korea & Taiwan, Choker Segment Market Analysis (by Type);Chapter 7 and 8, The Choker Segment Market Analysis (by Application) Major Manufacturers Analysis of Choker ;Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type Lace, Velvet, Leather, Other, Market Trend by Application Specialist Retailers, Factory Outlets, Internet Sales, Other;Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;Chapter 11, The Consumers Analysis of Global Choker ;Chapter 12, Choker Research Findings and Conclusion, Appendix, methodology and data source;Chapter 13, 14 and 15, Choker sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source. This report provides pin-point analysis for changing competitive dynamics It provides a forward looking perspective on different factors driving or restraining market growth It provides a six-year forecast assessed on the basis of how the market is predicted to grow It helps in understanding the key product segments and their future It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.

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Wednesday, June 12


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Retail: Zara shakes off currency drag; Boohoo bucks market

ITX DTRUMP

EU regulators block Thyssenkrupp, Tata Steel joint venture - 01:55. UK April pay data beats forecasts, employment growth slows - 01:27. European shares gain on Trump tariff relief, carmakers shine - 01:30. Despite mounting pressures on the retail sector, Spanish fashion giant Inditex has reported a 10% rise in first-quarter profit, as foreign currency effects moved back into its favour. And, as David Pollard reports, British online fashion group Boohoo defied a tough market with robust sales growth.

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Zara owner Inditex bucks High Street and online trends to record €6bn turnover record, BooHoo also booms - Industry

ITX

Zara owner Inditex bucks High Street and online trends to record €6bn turnover record, BooHoo also booms. Zara and Boohoo show how retail is booming if you get the offer and balance right across High Street and online. While the UK’s Arcadia group struggles with CVAs and a huge downturn in its fortunes, Zara owner Inditex and online Fashion pureplay BooHoo are both showing fashion retail how it’s done. Despite the grim retail environment, Inditex – which owns Zara, Bershka, Massimo Dutti and Pull & Bear, among others – has logged a record-breaking €5.9 billion in sales for the first quarter of 2019, 5% higher than last year. Meanwhile, over at BooHoo Group, there is similar good news with the pureplay online fashion retailer reporting revenue for the three months to 31 May 2019 up by 39% to £254.3 million – with the UK up 27% and international sales up by 56%.

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Zara owner Inditex shakes off currency drag to post strong profit growth

ITX

Zara owner Inditex shakes off currency drag to post strong profit growth. MADRID (Reuters) - Spanish fashion group Inditex reported a 10% rise in first-quarter profit on Wednesday, as foreign currency effects moved back into favour for the owner of Zara and Massimo Dutti after two years of nibbling away at margins. However, sales growth at the world's biggest clothing retailer was lower than analysts expected during the quarter due to adverse weather conditions in the latter part of the period when it was wet and cold across much of southern Europe. Those currencies have strengthened slightly against the euro compared to a year ago, on average, helping reported sales. Societe Generale and Credit Suisse estimated sales at Inditex were reduced 3.5% last year by this effect, moving to a positive effect this quarter. With the adverse foreign exchange effects removed, Inditex is under pressure to show it can deliver strong like-for-like sales without the margin dilution that has affected others in the apparel sector, plagued by out-of-season sales as shoppers wait for discounts or hunt for bargains online.

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UPDATE 2-Zara owner Inditex shakes off chill with strong second quarter start

ITX

MADRID, June 12 (Reuters) - Zara owner Inditex bounced back from a weak start to 2019, when unseasonably cold weather in southern Europe stifled sales for the Spanish fashion group, with a strong performance in the first weeks of the second quarter. Shares in the Spanish group rose 1.1% to trade at 25.57 euros ($28.96), whereas Boohoo's fell, despite the online British fashion retailer reporting robust sales, as lower margins disappointed investors. Inditex, the world's biggest clothing retailer and owner of Massimo Dutti, Bershka and Oysho reported net profit of 734 million euros for the three months from Feb. 1 to April. Those currencies have strengthened slightly against the euro compared to a year ago, on average, helping reported sales. Societe Generale and Credit Suisse estimated sales at Inditex were reduced 3.5% last year by this effect, moving to a positive effect this quarter.

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Sunday, June 09


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Time to Reconsider INDUSTRIA DE DISENO TEXTIL INDITEX SA OR (OTCMKTS:IDEXF) After Less Short Sellers?

ITX

IDEXF’s total short interest was 4.57 million shares in June as published by FINRA. Its down 2.46% from 4.68M shares, reported previously. With 1,300 shares average volume, it will take short sellers 3513 days to cover their IDEXF’s short positions. More news for Industria de Diseño Textil, S.A. (OTCMKTS:IDEXF) were recently published by: Seekingalpha.com, which released: “Industria De Diseno Textil Inditex SA ADR 2018 Q1 – Results – Earnings Call Slides – Seeking Alpha” on June 13, 2018.

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