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Top related persons:
Inditex - 1 Locker - 1 Inditex's - 1 Fabio Di Giansante - 1 Geoffroy De Mendez - 1 De Mendez - 1 Bershka - 1 Massimo Dutti - 1
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Search resuls for: "Helen Reid Corina Pons"


2 mentions found


☆ Pricing in focus as Zara owner Inditex seeks to maintain its edge over rivals
  + stars: | 2023-09-11 | by ( Helen Reid Corina Pons | Helen Reid | Corina Pons | ) www.reuters.com   time to read: +2 min
Inditex shares have risen around 64% over the past 12 months as the world's biggest clothing retailer successfully passed cost increases on to shoppers and reported record profit margins. But after several U.S. retailers including Macy's and Foot Locker warned of weak consumer spending, fears of an economic slowdown have come back into focus. "I think companies will be more disciplined and will reduce pricing where they think they can gain volumes," said Fabio Di Giansante, portfolio manager at Amundi, which holds shares in Inditex. In the six months to July last year, Inditex's sales increased by 25% and profits climbed by 41% - but that was in comparison with a period marked by COVID-19 lockdowns around the world. According to Bernstein analysts, Inditex's key rival H&M (HMb.ST), set to report third-quarter sales on Friday, has pushed through more price increases than peers over the past year.
Persons: Inditex, Locker, Inditex's, Fabio Di Giansante, Geoffroy De Mendez, De Mendez, Bershka, Massimo Dutti, Bernstein, Amundi's Di Giansante, Helen Reid, Corina Pons, Emelia Sithole Organizations: Macy's, Inditex . Bank of America, Thomson Locations: MADRID, Zara, Amundi, Inditex ., U.S, London, Madrid
☆ Global retailers seek new ways to lure in shoppers as spending slows
  + stars: | 2023-04-25 | by ( Helen Reid Corina Pons | Helen Reid | Corina Pons | ) www.reuters.com   time to read: +2 min
BARCELONA, April 25 (Reuters) - Europe's cost of living crisis has benefited discount retailers but mid-market names are being squeezed as shoppers watch their spending, executives and analysts at an industry conference said on Tuesday. Although price rises are slowing, retailers globally are still worried inflation will dampen consumer spending and are looking for new ways to attract customers. In Europe especially, some have seen sales slow as high energy bills lead customers to buy less or cheaper food and clothes. And passing higher costs on to shoppers is likely to become harder: 72% of respondents said they expected consumers to be more price-sensitive this year. "It's a very positive moment," said Ying Xu, president of Chinese supermarket chain Wumart, referring to the reopening.
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