Spanish fashion giant Inditex (ITX.MC), owner of Zara, reported first-quarter revenues of €8.27 billion ($9.44 billion) on Wednesday, falling short of analyst expectations amid rising economic uncertainty.
The result missed the €8.36 billion average estimate in a LSEG poll, adding to concerns about the company’s ability to maintain strong sales growth in a challenging global retail landscape.
The underperformance comes as fast-fashion retailers face slowing consumer demand, intensified price competition, and broader macroeconomic headwinds.
Fears of resurgent inflation and an economic slowdown triggered by tariffs have already dampened consumers' enthusiasm for shopping in the United States and elsewhere.
With volatility in foreign exchange markets driven by trade risks, Inditex said currency fluctuations will have a bigger impact than previously expected, predicting a 3% negative effect on its 2025 sales, compared with the 1% it flagged in March.
Rainy weather in Spain, which accounts for 15% of Inditex's global sales, has also likely hurt its performance, according to Bernstein analysts.
China is set to eliminate tariffs for all 53 African countries it has diplomatic ties with, offering duty-free access not just to the poorest nations but also to middle-income economies.
The European Union and Britain reached a landmark agreement Wednesday to ease border crossings in Gibraltar, ending years of uncertainty over the territory’s post-Brexit status.
Thousands gathered for a sixth straight night of protests in downtown Los Angeles on Wednesday, condemning President Donald Trump’s immigration raids as federal forces remain deployed in the city.
Romania deployed fighter jets early Thursday after Russian drone strikes targeted Ukraine’s Vylkove region near the Romanian border, though no airspace violations were detected.
China is set to eliminate tariffs for all 53 African countries it has diplomatic ties with, offering duty-free access not just to the poorest nations but also to middle-income economies.
The European Union and Britain reached a landmark agreement Wednesday to ease border crossings in Gibraltar, ending years of uncertainty over the territory’s post-Brexit status.
Forced displacement worldwide has hit a record 122.1 million, driven by conflicts in Sudan, Ukraine, and beyond, as humanitarian needs soar.
Thousands gathered for a sixth straight night of protests in downtown Los Angeles on Wednesday, condemning President Donald Trump’s immigration raids as federal forces remain deployed in the city.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
European foreign ministers agreed to increase pressure on Russia by imposing new sanctions targeting its energy and banking sectors amid ongoing conflict with Ukraine.
NVIDIA unveiled plans on Wednesday to build the world’s first industrial AI cloud in Germany, aiming to revolutionize European manufacturing with a 10,000-GPU facility and partnerships with industry leaders like BMW, Siemens, and Mercedes-Benz.
China is set to eliminate tariffs for all 53 African countries it has diplomatic ties with, offering duty-free access not just to the poorest nations but also to middle-income economies.
The European Union and Britain reached a landmark agreement Wednesday to ease border crossings in Gibraltar, ending years of uncertainty over the territory’s post-Brexit status.
China is set to eliminate tariffs for all 53 African countries it has diplomatic ties with, offering duty-free access not just to the poorest nations but also to middle-income economies.
The European Union and Britain reached a landmark agreement Wednesday to ease border crossings in Gibraltar, ending years of uncertainty over the territory’s post-Brexit status.
Forced displacement worldwide has hit a record 122.1 million, driven by conflicts in Sudan, Ukraine, and beyond, as humanitarian needs soar.
Thousands gathered for a sixth straight night of protests in downtown Los Angeles on Wednesday, condemning President Donald Trump’s immigration raids as federal forces remain deployed in the city.
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