Report
Bridget Weishaar
EUR 98.48 For Business Accounts Only

Narrow-moat Inditex continues to gain market share while maintaining constant currency margins.

Inditex’s fiscal 2016 results reinforced our narrow moat thesis with 10% like-for-like sales growth easily topping competitor performance. We believe that 2016 data points support our theory that a highly responsive pull-based supply chain and frequent refreshing of inventory will drive sales. We also think that Inditex has strategically positioned itself for success, having invested in many prime real estate locations, complementing this with an online strategy that likely contributed to the st...
Underlying
Industria de Diseno Textil S.A.

Industria de Diseno Textil Inditex is the parent company of a group engaged in apparel and footwear manufacturing and retailing. The Group is made up of fashion retail chains, textile manufacturing, purchasing and fabric treating companies, logistics and construction companies which are responsible for store refits and manufacturing structure. Products include men's, women's and children's wear collections, footwear, and women's lingerie which are sold through the Group's retail store chains of: Zara, Kiddy's Class, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, and Oysho and Zara Home.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Bridget Weishaar

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