fashionblog

Because of the major currencies against the euro earlier appreciation on exports, the world's largest  polo ralph lauren manche longue clothing retailer Inditex's first-quarter profit fell 7.3 percent, the highest in five years the largest decline. Inditex is famous clothiers ZARA parent company, its brands also include PullandBear, MassimoDutti and Bershka and so on. Inditex disclosed data show that as of the end of April the first quarter of this polo manche longue ralph lauren year, the company's net profit was $ 410 million, down 7.3%, operating income grew by 4.3% over the same period to 3.75 billion euros. Inditex's earnings decline and can not simply be attributed to poor management, more concerned with the appreciation of ralph lauren manche longue the euro. Data compiled by Bloomberg show, February to April this year, there are ten major global currencies against the euro by more than 1.7%. Europe is the most important market Inditex, Bloomberg shows that as of fiscal year 2013 by the end of January ralph lauren polo manche longue this year, Inditex income in the EU is close to 5.5 billion euros, accounting for 34% of total revenue, while 22% comes from the Spanish mainland, 18% from OECD (OECD), whose members include Australia, Belgium, Canada, Japan and so on.