Market Wrap - Stock Pick — Inditex
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Imtiaz Suliman from Sentio Capital chose Inditex SA as his stock pick of the day.
"My stock pick is Inditex, they are the owner of Zara clothing retailer. They have a very strong supply chain that they can turn on the taps very quickly when they see a product that is selling well in their stores. Their supply and production lines are the shortest amongst global retailers. So, they sell most of their product on full price rather than discounting, they run a very tight inventory management and their following into online which will benefit them going forward."
"My stock pick is Inditex, they are the owner of Zara clothing retailer. They have a very strong supply chain that they can turn on the taps very quickly when they see a product that is selling well in their stores. Their supply and production lines are the shortest amongst global retailers. So, they sell most of their product on full price rather than discounting, they run a very tight inventory management and their following into online which will benefit them going forward."
