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.
Germany's ruling conservatives on Saturday (21 February) passed a motion to ban social media use for under 14s and introduce more stringent digital ve...
India and Brazil signed a mining and minerals cooperation pact on Saturday (21 February), as Prime Minister Narendra Modi said the two countries aim t...
At least 10 people were killed and 50 wounded in Israeli strikes in Lebanon's Bekaa Valley on Friday (20 February), two security sources told Reuters,...
The Russian Defence Ministry claimed on Saturday (21 February) that its forces had captured another settlement in eastern Ukraine....
President Donald Trump said on Friday (20 February) he will sign an executive order imposing a new 10% “global tariff” on imports. The development...
UK politicians have renewed calls for Andrew Mountbatten-Windsor, formerly Prince Andrew, to be removed from the line of succession following his arrest on suspicion of misconduct in public office and revelations over his links to convicted U.S. sex offender Jeffrey Epstein.
The United Nations World Food Programme (WFP) said on Friday that its life‑saving food and nutrition assistance in Somalia could end by April without urgent funding, leaving millions at risk of severe hunger.
Quentin Griffiths, co-founder of online fashion retailer ASOS, has died in Pattaya, Thailand, after falling from the 17th floor of a condominium on 9 February, Thai police confirmed.
Hungary announced on Friday it was blocking a €90 billion ($106 billion) European Union loan intended to support Ukraine’s 2026–2027 budget and military needs, citing disruptions to Russian oil deliveries via the Druzhba pipeline.
Quentin Griffiths, co-founder of online fashion retailer ASOS, has died in Pattaya, Thailand, after falling from the 17th floor of a condominium on 9 February, Thai police confirmed.
At least four people have died and 17 others were injured after a liquid gas truck overturned and exploded in Santiago, Chile’s capital, authorities confirmed on Thursday. Police said the driver was among those killed.
Cubans are increasingly turning to solar power to keep businesses operating and basic household appliances running during prolonged electricity cuts, as fuel shortages make diesel generators and other temporary solutions more difficult and costly to maintain.
Ukraine’s National Paralympic Committee has announced it will boycott the opening ceremony of the Milano Cortina 2026 Paralympics in Verona on 6 March, citing the International Paralympic Committee’s decision to allow some Russian and Belarusian athletes to compete under their national flags.
Gianni Infantino, president of the Fédération Internationale de Football Association (FIFA), announced a new partnership with the Board of Peace on Thursday (19 February), committing to build football pitches and arenas in Gaza as part of broader efforts to rebuild the region.
Germany's ruling conservatives on Saturday (21 February) passed a motion to ban social media use for under 14s and introduce more stringent digital verification checks for teenagers, building momentum for such limits in Germany and elsewhere in Europe.
India and Brazil signed a mining and minerals cooperation pact on Saturday (21 February), as Prime Minister Narendra Modi said the two countries aim to increase bilateral trade to more than $20 billion within five years.
The Russian Defence Ministry claimed on Saturday (21 February) that its forces had captured another settlement in eastern Ukraine.
President Donald Trump said on Friday (20 February) he will sign an executive order imposing a new 10% “global tariff” on imports. The development comes hours after the U.S. Supreme Court struck down Trump's sweeping “reciprocal” import duties in a major setback to his trade agenda.
The U.S. military carried out a strike Friday (20 February) on a vessel allegedly engaged in narcotrafficking in the Eastern Pacific, according to the U.S. Southern Command (SOUTHCOM).
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