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Zara owner Inditex to gradually reopen stores in Ukraine from April 1

UPDATE 3-Zara owner Inditex to gradually reopen stores in Ukraine from April 1 Adds detail on schedule and location in paragraph 2, background in final paragraph MADRID, March 1 (Reuters) - Zara owner Inditex ITX.MC said on Friday it planned to gradually reopen stores in Ukraine from April 1, citing "local market circumstances" for the decision. The world's largest listed fast-fashion company by sales said it planned in a first phase to reopen 20 stores in Ukraine, three of them under the Zara b
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Zara owner Inditex to gradually reopen stores in Ukraine from April 1

Zara owner Inditex to gradually reopen stores in Ukraine from April 1 MADRID, March 1 (Reuters) - Zara owner Inditex ITX.MC said on Friday it plans to gradually reopen stores in Ukraine from April 1 as the local market circumstances have evolved. "The group's priority continues to be the safety of its employees and customers," the company said in statement, confirming an earlier report from The Financial Times.
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Zara to return to Ukraine after 2-year closure, FT reports

UPDATE 1-Zara to return to Ukraine after 2-year closure, FT reports Adds details from the report in paragraphs 3,5,6 and background in paragraph 7 March 1 (Reuters) - Spanish retail giant Zara is preparing to reopen the stores in Ukraine that it shut soon after Russia's invasion of the country, the Financial Times reported on Friday. Zara's owner Inditex ITX.MC has told local landlords that it will begin reopening its shops in Ukraine in early April, the report said, adding that the retailer pla
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Zara to return to Ukraine after 2-year closure, FT reports

Zara to return to Ukraine after 2-year closure, FT reports March 1 (Reuters) - Spanish retail giant Zara is preparing to reopen the stores in Ukraine that it had shut after Russia's invasion of Ukraine, Financial Times reported on Friday. Zara's owner Inditex ITX.MC has told local landlords that it will begin reopening its shops in Ukraine in early April, the report said.
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Inditex, Zara’S Spanish Owner, Plans To Reopen 50 Of Its 80-Plus Stores In Ukraine- FT

BRIEF-Inditex, Zara’S Spanish Owner, Plans To Reopen 50 Of Its 80-Plus Stores In Ukraine- FT March 1 (Reuters) - INDITEX, ZARA’S SPANISH OWNER, PLANS TO REOPEN 50 OF ITS 80-PLUS STORES IN UKRAINE- FT Source text: https://tinyurl.com/2dclsa8k Further company coverage: ITX.MC
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Shein's IPO backup plans can unravel

RPT-BREAKINGVIEWS-Shein's IPO backup plans can unravel The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Anshuman Daga SINGAPORE, Feb 27 (Reuters Breakingviews) - Shein's IPO alternatives look drab. The fast-fashion retailer is eyeing London, Singapore, Hong Kong and other venues as its U.S. listing hits a snag, according to Bloomberg.
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Shein's IPO backup plans can unravel

BREAKINGVIEWS-Shein's IPO backup plans can unravel The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Anshuman Daga SINGAPORE, Feb 27 (Reuters Breakingviews) - Shein's IPO alternatives look drab. The fast-fashion retailer is eyeing London, Singapore, Hong Kong and other venues as its U.S. listing hits a snag, according to Bloomberg.
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Spanish stocks - Factors to watch on Feb 26

Spanish stocks - Factors to watch on Feb 26 Feb 26 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: CIE Automotive CIEA.MC CIE Automotive said on Monday its full-year net profit rose 6.7% to 320.2 million euros compared to 300.1 million euros reported a year ago.
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J.P. Morgan says Inditex still offers good value, but sees little room for 'error'

BUZZ-J.P. Morgan says Inditex still offers good value, but sees little room for 'error' ** J.P. Morgan says Inditex ITX.MC continues to offer good value and views the world's biggest listed fashion retailer as the highest quality stock in the sector ahead of its Q4 23 results due on March 13 ** "However, with the shares having outperformed year-to-
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Bechtle, Schneider Electric, Sobi

EUROPE RESEARCH ROUNDUP-Bechtle, Schneider Electric, Sobi Feb 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bechtle, Schneider Electric and Sobi on Thursday. HIGHLIGHTS * Bechtle AG BC8G.DE : Berenberg raises to buy from hold; raises PT to EUR 57 from EUR 41 * Moneysupermarket.com MONY.L : Berenberg raises to buy from hold * Saab AB SAABb.ST : Citigroup cuts to neutral from buy * Schneider Electric SCHN.PA : HSBC cuts to hold
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Spanish stocks - Factors to watch on February 22

Spanish stocks - Factors to watch on February 22 Feb 22 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: TELEFONICA TEF.MC Spanish telecoms company Telefonica TEF.MC said on Thursday a write-off in Britain and the cost of a layoff plan in Spain prompted it to book a net loss of 2.15 billion euros ($2.32 billion) during the fourth quarter.
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Zara owner Inditex expands bargain brand to counter Shein

FOCUS-Zara owner Inditex expands bargain brand to counter Shein By Corina Pons, Helen Reid MADRID/LONDON, Feb 22 (Reuters) - Zara owner Inditex ITX.MC , the world's biggest listed fast fashion company by sales, is expanding its low-priced Gen Z-focused brand Lefties to counter Chinese-founded rival Shein. The rapid growth of Shein, an online marketplace with no physical stores, is putting pressure on retailers like Inditex and Sweden's H&M HMb.ST to find ways to respond to its budget prices.
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Retailers demand more action from EU to resolve Red Sea crisis

Retailers demand more action from EU to resolve Red Sea crisis LONDON, Feb 16 (Reuters) - European retail industry body Eurocommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade, saying in a letter to Belgium's foreign minister that it has already had "massive impacts" on businesses.
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Spanish stocks - Factors to watch on February 7

Spanish stocks - Factors to watch on February 7 Feb 7 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Zara owner Inditex has agreed to pay annual bonuses of 1,000 euros ($1,076.50) for a second year running to the roughly 28,000 shop workers in Spain, its home country, this month, a union leader said on Tuesday.
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Zara owner Inditex agrees to renew bonus for shop workers in Spain

Zara owner Inditex agrees to renew bonus for shop workers in Spain MADRID, Feb 6 (Reuters) - Zara owner Inditex ITX.MC has agreed to pay annual bonuses of 1,000 euros ($1,075) for a second year running to the roughly 28,000 shop workers in its home country of Spain this month, a union leader said on Tuesday. The world's biggest listed fashion retailer agreed the one-off annual payment with the country's largest union, despite a difficult economic backdrop for the retail sector, with global rival
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New H&M CEO Daniel Ervér 'concerned' about Red Sea disruptions

New H&M CEO Daniel Ervér 'concerned' about Red Sea disruptions LONDON, Jan 31 (Reuters) - H&M's new CEO on Wednesday said Red Sea disruptions to shipping are a concern for the fashion retailer, but that higher transport rates are not yet hitting profit . Shipping firms are avoiding the Suez Canal due to militant attacks and rerouting container ships around the southern tip of Africa, delaying the arrival of clothes and shoes in Europe from factories in Asia.
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New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers

REFILE-New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers Fixes switched number in paragraph 13 By Helen Reid and Marie Mannes LONDON, Jan 31 (Reuters) - The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices and risk profit margins falling short of target.
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H&M’s new emperor still has no clothes

BREAKINGVIEWS-H&M’s new emperor still has no clothes The author is a Reuters Breakingviews columnist. The opinions expressed are their own. Refiles to fix dateline. MILAN, Jan 31 (Reuters Breakingviews) - H&M’s HMb.ST new CEO Daniel Ervér will face some vexing old problems. The $20 billion Swedish retailer said on Tuesday boss Helena Helmersson had decided to step down.
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H&M CEO quits as fashion group fails to keep up with rivals

UPDATE 7-H&M CEO quits as fashion group fails to keep up with rivals Daniel Ervér is new CEO effective immediately Dec-Jan sales down 4% Q4 operating profit below forecast Shares slide 12% Updates share price in paragraphs 2 and 15 By Marie Mannes and Helen Reid STOCKHOLM, Jan 31 (Reuters) - H&M HMb.ST unexpectedly announced a change of leadership on Wednesday, with company veteran Daniel Ervér taking over as CEO from Helena Helmersson as the Swedish fashion retailer's performance continues to
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H&M profit target in spotlight as cost-cutting gathers pace

PREVIEW-H&M profit target in spotlight as cost-cutting gathers pace All eyes on the 10% operating margin goal Inventory levels key amid Red Sea disruptions H&M closes more stores and lays off staff Repeats without graphics By Helen Reid LONDON, Jan 30 (Reuters) - Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from fast-fashion rivals such as Zara, whose sales are rising, and China-founded Shein, set to go publi
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