Inditex Net Profit Increased Slightly In The First Half Of 1%

< p > Zara parent company, the world's largest a href= "//www.sjfzxm.com/news/index_c.asp" > dress /a /a Inditex SA (ITX.MC) announced the first half of fiscal year 2013 financial results show that the performance failed to get out of the first quarter of the trough.

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Less than six months from February 1, 2013 to July 31st, the net profit of Inditex SA (ITX.MC) was 951 million euros, up 1% from 944 million euros in the same period in fiscal 2012, diluted by 1.53 euros per share, which is better than the expected Euro 926 million euro. P

EBITDA profits before interest tax depreciation and amortization were basically flat compared with the same period last year, recording 1 billion 624 million euros.

Gross profit increased by 4% to 4 billion 500 million euros, and gross profit margin dropped 100 basis points to 58.6% from 59.6% in the same period last year.

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< p > net sales increased by 6% to 7 billion 655 million euros compared to the same period last year, which is also higher than market expectations. The same period last year was 7 billion 239 million euros, an increase of 11%. The same store sales recorded an 2% increase, which was significantly lower than that of the same period last year. However, according to Anne Critchlow, an analyst at the Bank of China, it means that the same quarter sales rose to a higher level of 3.3% on the basis of 0.5% growth in the first quarter of the same quarter.

But this is still the worst performance of Inditex SA (ITX.MC) since 2009.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Zara < /a > Sa Sa achieved sales of 5 billion 4 million euros in the first half of the year, an increase of 4% over the previous year, and Bershka and Stradivarius recorded an increase of 5% and 2% respectively, with sales of 702 million euros and 463 million euros, and underwear brand Oysho increased 6% to 153 million euros compared with the same period last year. Pull and Bear, "Oysho" and "Yu" all recorded double-digit growth.

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Sax, Saks Inc. (NYSE:SKS) of the US high-end Chain Corporation announced on Monday that after the Hudson s Bay Co. (TSE:HBC) Hudson group of Canada retail group completed its acquisition paction, Saks Inc. (Sax) chairman and chief executive officer of P, chairman and chief marketing officer of the company, will leave the company.

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< p > although Hudson's s Bay Co. (TSE:HBC) Hudson group announced the acquisition of Saks Inc. (NYSE:SKS) for $2 billion 900 million in July 29th, Sax said that the existing management team would continue to lead Saks Inc. (forward), but the market had foreseen the departure of the company. However, it was unexpected news that the company left at the same time.

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< p > Stephen I. Sadove joined Saks Inc. (NYSE:SKS) in 2002. Sax served as vice chairman of the group. He was appointed chief operating officer in 2004 and CEO in 2006. He was also chairman of the board of directors in 2007.

Ronald L. Frasch was the chief business officer and chief business officer of the group in 2007.

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< p > this M & a paction between North America a href= "//www.sjfzxm.com/news/index_c.asp" and department store retailer < /a > is expected to be completed by the end of this year.

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< p > after the announcement of Sax Inc. (NYSE:SKS), the Hudson s Bay Co. (TSE:HBC) Hudson group announced that it hired the chief business officer of the Harrods Harold department store of the old department store in the United Kingdom, Marigay Tan, as the chairman of Sax (Sax), and began to work in mid December.

In addition, Saks Inc. (NYSE:SKS), Sax's executive vice president and director of Jennifer de Winter, will be pferred to the executive vice president and chief marketing officer of Saks Fifth Avenue, who will report to Marigay McKee.

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< p > Hudson "s Bay Co. (TSE:HBC)" Richard Baker, chief executive officer of Hudson group, said to WWD: "we believe that Marigay and Jennifer will form an unfavourable team."

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< p > Marigay McKee joined Harrods Harold department store in 1999, became a board member in 2005 and became chief business officer since 2011.

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< p > Richard Baker also revealed that it will cost US $200 million to renovate the Saks Fifth Avenue Fifth Avenue flagship store in New York to make it the most luxurious and luxurious department store in the world.

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