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.
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President Donald Trump has suggested that a deal has been struck over TikTok’s U.S. ownership, days before scheduled talks with Chinese President Xi Jinping.
Senior officials from the United States and China are holding talks in Madrid this week, covering trade disputes, export controls, and the future of TikTok’s US operations. The discussions come as both sides navigate a fragile economic relationship defined by rivalry as much as interdependence.
The United Nations Human Rights Council will hold an urgent debate in Geneva on Tuesday on Israel's 9 September attack targeting Hamas leaders in Qatar, the Council said on Monday.
Iran has accused a U.S. delegation in Vienna of threatening the International Atomic Energy Agency (IAEA) of cutting off financial support if a draft resolution tabled by Tehran is passed. This resolution condemns the military attacks on nuclear sites in June.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Music mega-star Taylor Swift and National Football League player Travis Kelce announced their engagement. “Your English teacher and your gym teacher are getting married," the couple wrote in a joint Instagram post, alongside photos of Kelce proposing to Swift in a garden of pink and white flowers.
President Donald Trump has suggested that a deal has been struck over TikTok’s U.S. ownership, days before scheduled talks with Chinese President Xi Jinping.
Senior officials from the United States and China are holding talks in Madrid this week, covering trade disputes, export controls, and the future of TikTok’s US operations. The discussions come as both sides navigate a fragile economic relationship defined by rivalry as much as interdependence.
The United Nations Human Rights Council will hold an urgent debate in Geneva on Tuesday on Israel's 9 September attack targeting Hamas leaders in Qatar, the Council said on Monday.
Czech Foreign Minister Jan Lipavsky has urged NATO allies to impose additional sanctions on Russia after a Russian drone violated Romanian airspace during strikes on Ukraine.
Muhammad Abu Dakha, a 31-year-old Palestinian from Gaza, documented his odyssey to Europe in videos, photographs and audio recordings. He later shared the material with Reuters, which also interviewed him, his travelling companions, and relatives back in Gaza.
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