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Home > Company Index > Retail > Clothing, Shoe & Accessory Retailing > Industria de Diseño Textil, S.A.

Industria de Diseño Textil, S.A.
 NEWS FROM THE WIRES
RESEARCH ALERT-Salomon lowers IT Group rating
Jul 30 2001 08:58 AM PDT

IT Group net falls about 28 percent
Jul 26 2001 06:10 AM PDT

More WIRE STORIES about this company

 PROFILE
By the time you read this, Industria de Diseño Textil (Inditex) will make your clothes out-of-date. The Spanish designer-cum-retailer makes the kind of trendy wear that gets replaced quickly by the next week's street fashion. Inditex sells on a global scale, with nearly 1,100 shops under five banners: Zara, Massimo Dutti, Pull & Bear, Bershka, and Stradivarius. Located mostly in Europe (nearly 950 stores) the company's stores answer to popular trends by telling designers in Spain what customers are asking for locally. Inditex responds in about two weeks with new designs. Amancio Ortega Gaona, one of Spain's richest men, founded Zara in 1975 and later created Inditex as a holding company. Inditex went public in May 2001.

 COMPETITION
H&M Hennes & Mauritz AB (HMB)
The Gap, Inc. (GPS)

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 2,421.90
1-Yr. Sales Growth: 1.4%
Employees: 24,004
Revenue per employee: $100,895.68

 KEY PEOPLE
• José María Castellano Ríos
    CEO
• Borja de la Cierva A. Sotomayor
    CFO

 CONTACT INFO
Edificio Inditex
15142 Arteixo La Coruña, Spain
Phone: 34-981-18-54-00
Fax: 34-981-18-54-54
Online: Web Site

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