Citigroup Lowered Its Rating Zara Parent Company Inditex Shares Continued To Decline.

< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201402/19/20140219101448_sj.JPG "/" < > > "

< p > > on Tuesday, Citi Citibank lowered the target share price of a href= "http://sjfzxm.com/news/index_z.asp" > Zara < /a > parent InditexSA (ITX.MC), from 130 euros to 120 euros, and lowered its rating from buying to neutral. Tuesday closing InditexSA (ITX.MC) share price fell 4.02% to 105.15 euros, and its competitor (ITX.MC) also had a 2.29% decline.

< /p >

< p > Citi < a href= "http://sjfzxm.com/news/index_z.asp" > Citibank < /a > indicates that the adverse exchange rate effect on InditexSA (ITX.MC) will be from -3% to -4% in 2013, which will affect the profit growth of InditexSA (-3%).

In the first nine months of December 2013, InditexSA (ITX.MC) reported that net profit rose 1% to 1 billion 670 million euros compared with the previous year. Compared with the 10% increase in the previous fiscal years, the floating of the international exchange rate and the slow recovery of the domestic economy in Spain were the main reasons for InditexSA (ITX.MC)'s failure.

< /p >

< p > but S&PCapitalIQ Standard & amp; P raised the expectation of InditexSA (ITX.MC). S&PCapitalIQ said that the sales of InditexSA (ITX.MC) will be strong in 2015, which is expected to increase by 4%.

Most traders in Spain are also optimistic about InditexSA (ITX.MC), saying that InditexSA (ITX.MC) will not touch below 100 euros, /p.

< p > > at the end of January 2014, < a href= "http://sjfzxm.com/news/index_z.asp" > H&M < /a > Hennes&MauritzAB (HMb.ST) released the fourth quarter of fiscal year 2013 and the annual financial report, ending the fourth quarter of December 31, 2013, the net profit of 5 billion 608 million kronor, an increase of 12% over the previous year, lower than the analyst expected 6 billion 20 million Rui Dian kronor. After the earnings announcement, H&MHennes&MauritzAB (HMb.ST) shares fell more than 4%.

The European recession has seriously affected H&MHennes&MauritzAB (HMb.ST) earnings. Compared with rival Zara, the parent company InditexSA (ITX.MC) has less impact because of more stores in emerging markets.

And low price brands such as Primark and Forever21 also began to tell expansion this year. H&MHennes&MauritzAB (HMb.ST) had to sacrifice their gross margins and fight with endless discounts. The gross profit margin of H&MHennes&MauritzAB (HMb.ST) fell 80 basis points to 60.8%.

At the same time develop similar high-end brands like &OtherStories and COS to make up for it.

In addition, in the field of electronic commerce, H&MHennes&MauritzAB (HMb.ST) has been lagging behind other competitors, and it did not officially launch e-commerce websites in the US market until August 2013.

H&MHennes&MauritzAB (HMb.ST) said that e-commerce websites will be launched in the French market this year.

< /p >

P contrasts with the above two a href= "http://sjfzxm.com/news/index_z.asp" fast fashion /a giants, which is the world's third fastest fashion group. Uniqlo a href= "http://sjfzxm.com/news/index_z.asp" > UNIQLO /a > parent company and FastRetailingCompanyLtd. (fast) sales group rose 4.36% to 36365 yen on Tuesday.

< /p >

< p > in the past year, besides the continued expansion of emerging markets, FastRetailingCompanyLtd. (9983.T) Xun marketing group has also begun to exert its strength in the US market.

In the first quarter of fiscal year 2014, the FastRetailingCo.Ltd. (9983.T) express group released its first quarter results in fiscal year January, which showed that the growth of domestic passenger prices and foreign sales rose rapidly.

< /p >

In the first quarter ending November 2013, FastRetailingCo.Ltd. (9983.T) < a href= "http://sjfzxm.com/news/index_z.asp" faster than "/a" group created a net profit of 41 billion 850 million yen, or about 399 million US dollars, which was higher than the average forecast of three analysts of Bloomberg composite group, 37 billion 200 million yen, and 8.8% more than the 38 billion 470 million yen in the same period in 2012. P

< /p >

< p > operating profit rose 13% to 64 billion 30 million yen (US $610 million) over the previous year, higher than the 59 billion 900 million yen forecast in the market, 56 billion 610 million yen in the same period of 2012, and nearly 80% of its operating profit contributed by Japan's domestic business. The increase in consumer spending on light feather and Heattech products and the selling of high priced products such as cashmere products all contributed to the growth of revenue, while Uniqlo UNIQLO's overseas business increased by 97% under the promotion of 66 new stores.

< /p >

< p > net sales increased from 318 billion 440 million yen in the same period of 2012 to 389 billion 50 million yen, an increase of 22.3%, and overseas business sales increased by 77%.

< /p >

< p > group indicated that because of the change of the accounting method of internal pactions, the annual sales volume is expected to reach 1 trillion and 322 billion yen, which is 0.6% lower than the 1 trillion and 330 billion yen target announced in October 2013, while the target of operating profit of 156 billion yen remains unchanged, which is in line with the market forecast of 155 billion 360 million yen.

< /p >

< p > FastRetailingCo.Ltd. (9983.T) < a href= "http://sjfzxm.com/news/index_z.asp" > stock price < /a > reported 39800 yen before the earnings announcement in January 9th, and fell 3.75% following the big market.

The stock rose 99% in 2013, doubling the market value of FastRetailingCo.Ltd. (9983.T) from 23 trillion yen in 2012 to 46 trillion yen.

< /p >