US EditionZara Owner Posts Further Slowdown in Sales
- Inditex, Europe's largest fashion retailer, announced a 6% increase in combined in-store and digital sales for the period between the beginning of May and early June 2025 compared to the previous year.
- The sales growth slowed from last year's 12% rise in the same period, affected by economic uncertainty, currency fluctuations, and weaker consumer confidence.
- Inditex earned 8.27 billion euros in the first quarter ending April 30 but missed analysts' expectations of 8.36 billion euros, reflecting ongoing store optimisation and challenges.
- Net income increased 0.8% to 1.23 billion euros despite a predicted 3% negative sales impact from currency effects and a 100-store reduction from last year.
- The slower sales growth and weaker start to summer trading suggest Inditex faces rising pressures from global economic conditions and competitive retail markets.
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Zara owner Inditex reports slower start to summer trading
Zara owner Inditex missed expectations for first-quarter sales and the start of summer trading today, heightening doubts over the fast-fashion retailer's ability to deliver strong sales growth in an uncertain economic environment.
·Ireland
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The Spanish group recorded the third trimester following deceleration in sales, with revenue increasing only 1.5% in the three months closed in April, a clear sign of follicle loss
·Brazil
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Inditex's shares plummeted more than 6% at the opening of the stock market after having communicated to the...
·Spain
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Total News Sources10
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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