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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At least 21 people have been killed and more than 30 are missing after a landslide struck Kenya’s Elgeyo Marakwet East region in the Rift Valley following days of heavy rain, authorities said.
Germany’s defence minister Boris Pistorius says he is confident the coalition will back his new voluntary military service model in time for it to take effect next year, citing the security threat from Russia and NATO demands.
British police said on Saturday that two people were arrested after multiple passengers were stabbed on a train travelling to Huntingdon.
Sudan’s Minister of State for Social Welfare, Salma Ishaq, has accused the Rapid Support Forces of killing 300 women in El-Fasher during the first two days of their takeover of the North Darfur capital.
Reports from CNN say the Pentagon has approved the provision of long range Tomahawk missiles to Ukraine after assessing its impact on U.S. stockpiles, while leaving the ultimate decision to President Trump.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
Ukraine’s top military commander has confirmed that troops are facing “difficult conditions” defending the strategic eastern town of Pokrovsk against a multi-thousand Russian force.
The United Nations has warned of a catastrophic humanitarian situation in Sudan after reports emerged of mass killings, sexual violence, and forced displacements following the capture of al-Fashir by the Rapid Support Forces (RSF).
Residents of Hoi An, Vietnam’s UNESCO-listed ancient town, began cleaning up on Saturday as floodwaters receded following days of torrential rain that brought deadly flooding and widespread destruction to the central region.
Russia has launched its new nuclear-powered submarine, the Khabarovsk, at the Sevmash shipyard in Severodvinsk, the Defence Ministry said Saturday.
At least 21 people have been killed and more than 30 are missing after a landslide struck Kenya’s Elgeyo Marakwet East region in the Rift Valley following days of heavy rain, authorities said.
Germany’s defence minister Boris Pistorius says he is confident the coalition will back his new voluntary military service model in time for it to take effect next year, citing the security threat from Russia and NATO demands.
British police said on Saturday that two people were arrested after multiple passengers were stabbed on a train travelling to Huntingdon.
Sudan’s Minister of State for Social Welfare, Salma Ishaq, has accused the Rapid Support Forces of killing 300 women in El-Fasher during the first two days of their takeover of the North Darfur capital.
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