Chairman and chief executive of Inditex, Pablo Isla, described it as a year of "solid growth" for the company, and highlighted, "the unique strength of our integrated stores and online model and its significant growth potential".
For its online sales, the retailer which owns a stable of brands from upmarket label Massimo Dutti to home wares chain Zara Home, said that it did better than expected with a 7 per cent jump in annual net profit on Wednesday, dodging the negative headwinds plaguing its brick-and-mortar stores with double-digit growth in online sales.
The company's shares closed up 4 percent to 25.24 euros ($31.22). Unlike many fashion retailers struggling with competition from online vendors such as Amazon, Inditex is holding up well as brands like Zara combine their high street presence with a slick online offering. "It is now very rare in the physical stores-based part of the retail sector to find companies not disrupted by online", Anne Critchlow, of Societe Generale, said in a recent note.
The Spanish company has invested in technology to merge online and store experiences.
Sales: Net sales for the year ended January 31, increased 9 percent to 25.34 billion euros ($31.46 billion), compared to 23.31 billion euros ($28.85 billion) in fiscal 2016.
The company said current trading was up 9 per cent in the run-up to the crucial Easter trading period. Sweden's H&M, for example, makes around 12 percent of sales online.
"We think this is mainly due to currency mix, a delay in the start of the Spring collection to the first quarter and lower full price sales than expected in the second half of the fourth quarter", he said.
On the same basis, sales grew 9 percent in the first five weeks of the new financial year as new spring collections hit shop floors with items like printed maxi dresses, linen separates and pastel blazers at Zara.
A dividend of €0.75 is proposed, 10 per cent higher than the prior year.
Inditex's profitability is vulnerable to erosion from a strong European currency as the bulk of its costs are in euros and most of its revenue comes from non-euro countries, according to Societe Generale SA.
Trump has also criticized China's currency manipulations, which increase costs of American goods and services by 25 to 40 percent. Stated differently, the USA can't harm the Canadian economy without simultaneously shooting itself in the foot.
"In the USA we had the "bomb cyclone" in January, followed by July-like warm weather in February that I'd never seen before". Experts from the USA researched the issue of climate change in the Arctic and estimated its impact on the United States.
He struggled on the recruiting trail, and failed to reach the postseason in either season in Memphis. Asked upon leaving the meeting if he was still the Tigers head coach, Tubby Smith simply said, "No".
It turned negative, as 16 investors sold HIW shares while 67 reduced holdings. 103 funds opened positions while 495 raised stakes. The financial services provider reported $0.97 EPS for the quarter, missing the Zacks' consensus estimate of $1.04 by ($0.07).
The stock of Alibaba Group Holding Limited (NYSE: BABA ) has "Overweight" rating given on Wednesday, August 2 by Barclays Capital. Shares of Alibaba Group Holding Ltd ( NYSE BABA ) traded down $3.75 during mid-day trading on Tuesday, reaching $188.99.
Range Rover says the SVR used in the challenge was a stock example, and that Barone's Ferrari was "modified". Helping to set the record was the SVR's 5.0-litre supercharged V8 engine that produces 423kW and 700Nm.
Year to date (YTD) refers to the period beginning the first day of the current calendar or fiscal year up to the current date. Simply a stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR.
While Mathieu struggled to make plays early last season, he showed signs of returning to 2015 All-Pro form down the stretch. Although his price tag may be high, it's rare that a young talent like the Honey Badger hits the open market.
The document also notes that people associate the £50 note with money laundering, tax evasion, and criminal activity. The Treasury document states the UK's highest-value note is "believed to be rarely used for routine purchases".
Antonio Conte brings the reigning English Premier League champions to the Camp Nou with a relatively full squad. While attending a press conference the Brazilian said, "In the Camp Nou you have to play the flawless match".
Mr Cohen has admitted to paying Ms Daniels the $130,000, but maintains that Mr Trump had no idea that he transaction occurred. Clem on Friday played parts of the interview , where he asked Daniels to write down famous men she had slept with.
Watch MS Dhoni have fun with family
Dhoni is a family man and often shares his pictures and cutesy videos with family making us weak in the knees. Dhoni last played for India during the South Africa tour in which he was part of the ODI and T20I squad.
Samsung is Offering Same Day In-Person Repairs
Samsung and uBreakiFix say they plan to add "nearly 200" more authorized locations by early 2019. Of course, it automatically became this year's flagship of the year in the Android platform.
Nigel Bradham re-signs with Eagles
He continued to come up big in the postseason, where he had 15 total tackles and a sack in three games. The signing could potentially spell the end of Mychal Kendricks' time with the Eagles.
Mattis, Afghan Leaders Meet in Kabul
Four members of the National Directorate of Security, Afghanistan's spy agency, and three police were killed, she added. In a separate attack, a suicide blast claimed the lives of two border police personnel in Helmand province.
Ruckus in Gujarat Assembly as Congress, BJP exchange blows
Trivedi Commission in the Asaram Bapu case pertaining to the unnatural death of two children studying in the ashram in 2008. Panchal, for his part, denied using foul language. "I do not even know what I was being suspended for", he said.
Huskers get five seed in NIT
First there was finding out the team didn't get into the NCAA tournament while squads like Texas, Oklahoma and Arizona State did. Boise State's venue, the Taco Bell Arena, is hosting first-and second-round NCAA Tournament games.
House approves bill to improve school safety
Fifteen-year-old Chloe Appel of Gaithersburg, Maryland, held a sign that said, "Fix this before I text my mom from under a desk". Scalise said the bipartisan nature of the bill shows how committed Congress is to preventing future school shootings.
US Navy jet goes down near Naval Air Station Key West
Barbie Wilson, who lives nearby and witnessed the crash, said she "saw fire" and "then [the jet] just dropped". Navy F/A-18 Hornet jet crashed off the coast of Key West, Florida, on Wednesday, an official told Fox News.