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.
French police arrested four further suspects on Tuesday as part of the investigation into the audacious Louvre jewel heist last month, Paris prosecuto...
A major fire continues to rage at a warehouse in Southall, west London, sending thick plumes of black smoke into the sky hours after it first broke ou...
Georgia has formally invited Pope Leo XIV to visit Tbilisi in 2026, following Prime Minister Irakli Kobakhidze’s meeting with the Pontiff at the Vat...
The IDF confirmed on Tuesday that the remains of an Israeli hostage has been received by the International Committee of the Red Cross and is on its wa...
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French police arrested four further suspects on Tuesday as part of the investigation into the audacious Louvre jewel heist last month, Paris prosecutor Laure Beccuau said in a statement.
A major fire continues to rage at a warehouse in Southall, west London, sending thick plumes of black smoke into the sky hours after it first broke out.
Georgia has formally invited Pope Leo XIV to visit Tbilisi in 2026, following Prime Minister Irakli Kobakhidze’s meeting with the Pontiff at the Vatican on Monday 24th November.
The IDF confirmed on Tuesday that the remains of an Israeli hostage has been received by the International Committee of the Red Cross and is on its way to Gaza.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
Cameras from the United States Geological Survey (USGS) on Saturday (22 November) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
French police arrested four further suspects on Tuesday as part of the investigation into the audacious Louvre jewel heist last month, Paris prosecutor Laure Beccuau said in a statement.
A major fire continues to rage at a warehouse in Southall, west London, sending thick plumes of black smoke into the sky hours after it first broke out.
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
French President Emmanuel Macron has expressed cautious optimism about U.S. President Donald Trump's peace plan for Ukraine, acknowledging its potential but stressing that key aspects need further negotiation to make it acceptable for Ukraine and Europe.
After a call with UK Prime Minister Keir Starmer, Ukrainian President Volodymyr Zelenskyy said Kyiv now sees “many prospects” for peace, pointing to progress made during recent discussions with U.S. officials in Geneva, Switzerland.
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