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.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s...
Satellite restrictions affecting Ukraine's military have put SpaceX's Starshield network under scrutiny, raising questions about who contro...
Uzbekistan's freight volumes along the Middle Corridor have doubled in five years, highlighting the growing importance of Azerbaijan and the Po...
Yemen’s Houthis have claimed responsibility for the recent drone and missile strikes on Saudi Aramco facilities in Dhahran and Riyadh and at King Khalid International Airport in Saudi Arabia, vowing to carry out more attacks in the coming days.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling to accept the energy ceasefire announced by U.S. President Donald Trump.
Ukraine's soldiers have had their access to Starlink satellite internet restricted. Kyiv's troops use the terminals, made by Elon Musk's SpaceX, to pilot drones. A source in Ukraine's Defence Ministry said the restrictions would make it harder for Kyiv's army to down Russian drones.
Tens of thousands of students have taken to the streets across Albania to protest rising education costs and corruption, with demonstrations turning violent. Prime Minister Edi Rama has rejected calls to resign, insisting his government will remain in office.
Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions with Washington over energy strikes and U.S. military support.
Britain has announced new military, energy and nuclear-safety support for Ukraine following President Volodymyr Zelenskyy’s talks with Prime Minister Andy Burnham in London.
A maritime dispute between Washington and Madrid is escalating after a U.S. federal agency proposed new measures that could affect Spanish shipping companies and a range of exports headed to the American market.
Kenya has confirmed a second case of Ebola, intensifying efforts to prevent the spread of the virus after the country recorded its first-ever infection earlier this month.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment