Option chain shows key data for Industria De Diseno's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Industria De Diseno.

Industria De Diseno (OTC:IDEXF) Stock, Option Chain

Industria De Diseno

Inditex is a multibrand fashion conglomerate founded in 1985. Flagship brand Zara (including Zara Home) generates just over 70% of revenue and profits. Other brands include Pull&Bear, Massimo Dutti, Bershka, Stradivarius, and Oysho. The company operates through 5,600-plus stores globally, over 1,800 of them belonging to the Zara brand. Sixty-five percent of revenue is generated in the European home market, while the Americas and Asia contribute 19% each. The company keeps design in house while mostly outsourcing manufacturing (own manufacturing constitutes only a low-single-digit percentage of output). Over 50% of sourcing factories are in proximity to the company's headquarters in Spain.

News

Penny Stocks

Economics

Markets

General

HNNMY

IDEXF

Industria de Diseno Textil SA (OTCPK: IDEXF), known as Inditex which owns the clothing brand, Zara, announced it will close up to 1,200 stores over the next two years as it will focus its efforts on the booming e-commerce.

Clothing Brand Zara Is Boarding The E-Commerce Train

Intraday Update

Movers

Trading Ideas

ACRFF

ADYEY

AGRO

ALFVY

AOSL

APAM

APTV

ATGN

AXSM

AYSI

BABA

BALMF

BAYK

BLAGF

BLBD

BNPQY

BXMT

CARO

CATN

CCOEY

CIVB

CLSD

CMRE

CNPRF

CPLP

CROX

CRSA

CRUS

CVNA

DEAC

DIOD

DRUNF

ECRO

EFBI

EPAC

Eaton Vance Tax-Advantaged Global Dividend

EURN

Eaton Vance Tax-Managed Global Diversified Equit

EXPGF

FFIN

FORM

FTNT

GBCI

GLPI

GMED

GZPFY

Hannon Armstrong Sustainable Infrastructure Capital

HASI

HTHIF

HTHIY

HZNP

ICLR

IIJIY

IMKTA

INSW

IPXHY

IRWD

ISEE

ISSC

JSTTY

KDDIY

LARK

LBAI

LECO

LITE

Stocks That Hit 52-Week Highs On Thursday

AAVXF

ACRE

ADBE

AFGC

AKZOF

AMWD

ANGPY

ARWGF

ASMLF

ASPN

ATEC

ATEYY

AUDC

AZMTF

BANF

BBDC

BBSEY

BFGIF

BPOP

BRBR

BRKL

BSRR

BSVN

BUSE

CACI

CCBG

CDAY

CGJTF

CHOLF

CHRRF

CNOB

COHU

COLB

CREIY

CSGKF

CTBI

CVCY

CYFL

DEER

EBSB

EDIT

New Oriental Education & Technology Group

EFSC

EPAY

EPOKY

FBAYF

FBHS

FBNC

FCCT

FFWM

FLEX

FMNB

FNLC

FTGFF

GABC

GAIN

GBLBF

GRKZF

GVDNY

HHSE

HNGR

HTLF

Stocks That Hit 52-Week Highs On Wednesday

INDUSTRIA DE DISENO NEW by Industria de Diseno Textil Inditex SA

Industria De Diseno Textil SA

<p><strong>Industria de Diseno Textil&nbsp;SA</strong>&nbsp;(OTCPK: <a class="ticker" href="https://www.benzinga.com/stock/idexf#OTC">IDEXF</a>), known as Inditex which owns the clothing brand, Zara, announced it will close up to 1,200 stores over the next two years as it will focus its efforts on the booming e-commerce. To be precise, it will invest over 1 billion euros as far as the platform is concerned. But overall, it will invest $3 billion to make it easier for customers to blur the lines between online and in-store shopping. The company is determined to make its footprint in this thriving segment.</p>
<p>Although the lockdown measures will ease, COVID-19 will not vanish overnight. Analysts believe that e-commerce is here to stay. Inditex, which also owns Massimo Dutti, expects online sales across the group to account for 25% of its overall sales by 2022.</p>
<h4>COVID-19 Has Changed The Landscape</h4>
<p>The group is also spending $1.7 billion on upgrading its stores to become more integrated with its online platform by deploying advanced technology solutions. Inditex has nearly 7,500 stores in 96 countries. It has expanded at a rapid rate over the past decade-and-a-half all over the globe. Due to the lockdown, only 965 of its stores remained open at the end of the first quarter. But during that time, online sales surged by 95% resulting in a 50% overall increase during the first quarter. Fortunately, the retailer was expanding its online business before the pandemic&nbsp;swept the globe.</p>
<p>COVID-19 will have a long-term impact on retail and consumer behavior. The dot-com boom was chapter one, and chapter two is all about e-commerce.</p>
<h4>COVID-19 Challenges Proved Its Agility</h4>
<p>On Wednesday, the retail group reported plunging first-quarter that resulted in its first-ever loss. Store closures&nbsp;led to a 287 million euro write-off on unsold stock.</p>
<p>But it managed to keep inventory 10% lower which is a testament to its short lead times and ability to react quickly to changes in demand. It is a known fact that Zara&#39;s business model is successful due to its strategic supply chain management that is efficient and tailored to deliver results faster than others. Zara is the world&#39;s largest and most valuable clothing retailer for a reason.</p>
<h4>Competitors</h4>
<p>There are many battles to be fought. One is the eternal battle with H&amp;M, <strong>HENNES &amp; MAURIT/ADR</strong> (OTCPK: <a class="ticker" href="https://www.benzinga.com/stock/hnnmy#OTC">HNNMY</a>), the world&#39;s second-largest retailer, but there are many others who try to imitate its concept. In contrast, H&amp;M said its stocks of unsold goods had grown to just above $4.2 billion at the end of April, which is 41 billion Swedish crowns whereas it was 37.2 billion at the end of February and 40 billion a year earlier. H&amp;M&#39;s local currency sales had tumbled 57% since the start of March resulting in its&nbsp;first quarterly loss in many decades. COVID-19 has put everyone in the same boat.</p>
<p>On Tuesday, Inditex was also hit by Tata, its Indian partner for nearly a decade, who decided to go at it alone but at half the price. Its Swedish rival Hennes &amp; Mauritz recently struck a deal with two of India&#39;s biggest online players, Myntra and Jabong.com. So, despite lacking in maturity, everyone is going full speed in an attempt to board on the e-commerce train.</p>
<h4>U.S. Retail</h4>
<p>If we look at the U.S. market, discount retailers seem to have a better shot at overcoming the crisis as unprecedented levels of employment diminished consumer buying power. But EU giant retailers at least didn&#39;t collapse like their US peers. For example, the <strong>TJX Companies Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tjx#NYSE">TJX</a>) delivered a stinker of first-quarter earnings report due to also closing its e-commerce site. But at least the troubled Macy&#39;s is rallying after meeting its own estimates on June 9th. Although it hasn&#39;t got much to celebrate with a shrinking market share, at least it secured debt to ensure the liquidity it needs to put bankruptcy off the table.</p>
<h4>Zara&#39;s In For The Win</h4>
<p>Unlike the general 4Ps: Product, Price, Promotion, and Place, Zara got this far with its 4Es: Experience, Exchange, Evangelism, and Every place strategies. And queues in front of its stores on the first day of the eased lockdown measures only confirm the strength of its competitive advantage. Its success story gained its place in history. But is it enough to stay ahead of piling up competitors? Only time will tell.</p>
<p class="p1"><em>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full <a href="https://iamnewswire.com/disclaimer-disclosure/">disclosure</a> . IAM Newswire does not hold any position in the mentioned companies. Press Releases &ndash; If you are looking for full Press release distribution contact: <a href="mailto:press@iamnewswire.com">press@iamnewswire.com</a> Contributors &ndash; IAM Newswire accepts pitches. If you&#39;re interested in becoming an IAM journalist contact: <a href="mailto:contributors@iamnewswire.com">contributors@iamnewswire.com</a></em></p>
<p>The post <a href="https://iamnewswire.com/2020/06/15/even-zara-needs-to-board-the-e-commerce-train/" rel="nofollow">Even Zara Needs to Board the E-Commerce Train</a> appeared first on <a href="https://iamnewswire.com" rel="nofollow">IAM Newswire</a>.</p>


Comments

Industria De Diseno

Industria De Diseno (IDEXF) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga