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    ITX   ES0148396007


Delayed Quote. Delayed Bolsas y Mercados Espanoles - 12/03 11:38:00 am
27.85 EUR   -1.94%
12/03INDITEX : JP Morgan reaffirms its Buy rating
12/02INDITEX : RBC gives a Neutral rating
12/01MarketScreener's World Press Review - December 1st, 2021
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

INDITEX : Zara owner to charge for paper bags in Spanish stores in push for reuse

10/15/2021 | 07:33am EST

MADRID, Oct 15 (Reuters) - The owner of the fashion brand Zara, Inditex, will start charging 10 euro cents ($0.12) for paper bags from next week at all of its shops in Spain as part of a push for sustainability and packaging reuse, the company said on Friday.

The world's biggest fashion retailer will roll out the measure in more than 1,400 shops in its home country, which account for 14% of the company's sales, and will evaluate extending it to other markets in the future.

The bags will be charged in shops across all its brands, including Zara and Massimo Dutti.

The move follows the company's commitment to eliminate plastic throughout its operations. It replaced all plastic bags in its shops and online orders last year with recycled and recyclable paper bags.

"It's a further step ... We want to encourage customers to reuse bags," an Inditex spokesperson said.

It plans to invest all the proceeds from the paper bags in environmental projects run by local non-profits in Spain.

Spanish newspaper Expansion, which first reported the Inditex plan on Friday, said the company had recently made payment for paper bags a voluntary option in Germany. ($1 = 0.8613 euros) (Reporting by Corina Pons, editing by Andrei Khalip and Steve Orlofsky)

© Reuters 2021
All news about INDITEX
12/03INDITEX : JP Morgan reaffirms its Buy rating
12/02INDITEX : RBC gives a Neutral rating
12/01MarketScreener's World Press Review - December 1st, 2021
12/01INDITEX : Gets a Sell rating from Deutsche Bank
11/30NEWS HIGHLIGHTS : Top Company News of the Day
11/30Inditex Names New Chairwoman, CEO
11/30EUROPE : Hawkish Powell comments, Omicron worries drag down European stocks
11/30Factbox - Fashion, family and horses - Inditex heiress takes the reins
11/30Inditex CEO stepping down, daughter takes over
11/30French city objects to Zara store extension in part over Uyghur probe
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Analyst Recommendations on INDITEX
More recommendations
Sales 2022 27 500 M 31 111 M 31 111 M
Net income 2022 3 655 M 4 134 M 4 134 M
Net cash 2022 8 379 M 9 480 M 9 480 M
P/E ratio 2022 23,8x
Yield 2022 3,37%
Capitalization 86 751 M 97 924 M 98 141 M
EV / Sales 2022 2,85x
EV / Sales 2023 2,64x
Nbr of Employees 140 381
Free-Float 35,5%
Duration : Period :
INDITEX Technical Analysis Chart | MarketScreener
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Technical analysis trends INDITEX
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 28
Last Close Price 27,85 €
Average target price 32,10 €
Spread / Average Target 15,3%
EPS Revisions
Managers and Directors
Oscar García Maceiras Chief Executive Officer
José Ignacio Fernández Chief Financial Officer
Pablo Isla Álvarez de Tejera Executive Chairman
Gabriel Moneo Marina Chief Information Technology Officer
Carlos Crespo González COO, MD-Sustainable & Digital Transformation
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