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.
U.S. President Donald Trump confirmed he and his team were aware of Israel’s plans to strike Iran, calling the operation “very successful.”
Tensions flared up in the Middle East as tensions between Iran and Israel have escalated to the point where the stakes cannot be any higher.
Israel’s military is bracing for a long-term conflict, with IDF officials warning of expected Iranian retaliation and ongoing operations in Gaza.
Iranian President Masoud Pezeshkian has called for national unity and urged citizens to trust the government following Israel’s strikes on Iranian territory.
U.S. President Donald Trump has urged Iran to reach a deal on its nuclear program, warning that more violence could follow after Israel’s latest strikes on Iranian targets.
The crisis unfolding in Iran has prompted several countries to begin evacuating their citizens still present in the country.
Viswashkumar Ramesh, the only known survivor of the Air India crash in Ahmedabad, said he escaped through an emergency exit as bodies lay scattered around him.
Azerbaijan and Armenia have successfully concluded peace agreement negotiations and are now in consultations to sign the treaty, Armenian Prime Minister Nikol Pashinyan announced.
The Dutch caretaker government has expressed support for NATO’s proposed 5% GDP defence spending target, citing rising security threats as justification.
U.S. President Donald Trump confirmed he and his team were aware of Israel’s plans to strike Iran, calling the operation “very successful.”
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.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
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.
Viswashkumar Ramesh, the only known survivor of the Air India crash in Ahmedabad, said he escaped through an emergency exit as bodies lay scattered around him.
The Dutch caretaker government has expressed support for NATO’s proposed 5% GDP defence spending target, citing rising security threats as justification.
U.S. President Donald Trump confirmed he and his team were aware of Israel’s plans to strike Iran, calling the operation “very successful.”
Israel’s military is bracing for a long-term conflict, with IDF officials warning of expected Iranian retaliation and ongoing operations in Gaza.
U.S. President Donald Trump has urged Iran to reach a deal on its nuclear program, warning that more violence could follow after Israel’s latest strikes on Iranian targets.
The crisis unfolding in Iran has prompted several countries to begin evacuating their citizens still present in the country.
Viswashkumar Ramesh, the only known survivor of the Air India crash in Ahmedabad, said he escaped through an emergency exit as bodies lay scattered around him.
Azerbaijan and Armenia have successfully concluded peace agreement negotiations and are now in consultations to sign the treaty, Armenian Prime Minister Nikol Pashinyan announced.
The Dutch caretaker government has expressed support for NATO’s proposed 5% GDP defence spending target, citing rising security threats as justification.
U.S. President Donald Trump confirmed he and his team were aware of Israel’s plans to strike Iran, calling the operation “very successful.”
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