|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||31.38 - 32.28|
|52-week range||29.70 - 41.30|
|Beta (5Y monthly)||1.21|
|PE ratio (TTM)||29.92|
|Forward dividend & yield||0.67 (2.10%)|
|Ex-dividend date||29 Oct 2021|
|1y target est||N/A|
MADRID/STOCKHOLM (Reuters) -Sales at Zara owner Inditex and rival H&M are back at pre-pandemic levels or better, as the world's top two fashion retailers ride a recovery in demand despite supply chain challenges. Spain's Inditex, the world's largest fashion retailer, said on Wednesday sales at constant currencies were up 10% on 2019 levels in the quarter to the end of October, and had continued at that rate up to Dec. 10, helped by strong online demand. Smaller Swedish rival Hennes and Mauritz (H&M) said sales in local currencies matched pre-pandemic levels from September through November. "The recovery continues to gain momentum," Inditex's Capital Markets director Marcos Lopez said in a statement.
By Dhirendra Tripathi
An experienced team of managers should smooth leadership change at Inditex next year, when the family of billionaire founder Amancio Ortega will tighten its grip on the world's biggest fashion retailer, sources and analysts said. Investors were rocked last month when the owner of the Zara chain said veteran executive chairman Pablo Isla was stepping down to be replaced by a CEO without retail experience and that Ortega's 37-year-old daughter Marta would become company chair. Inditex shares fell 6.1% on the day of the announcement, wiping around 5.6 billion euros ($6.3 billion) off its market value. Investors were worried about Isla's departure in particular, as he has led Inditex for a decade and helped turn it into the envy of the industry.