Inditex, the Spanish owner of Zara and largest apparel retailer in the world, announced a healthy 6% increase in net income for the first 9 months of 2017, but also a continued decline in profit margins — a measure that has been steadily falling since 2013.
- Investors have bid the stock down the stock more than 2% during trading Thursday.
Why it matters: There is debate over whether the company can blame its profitability struggles on a strong Euro, but the 5% drop in Inditex stock this year shows that Wall Street's love affair with Inditex may be ending.