Zara owner Inditex (ITX.MC) this week reported a slower start to its first quarter starting February 1, raising questions around its ability to keep building on rapid recent growth and sending its shares down more than 8 per cent in early trading. Strong sales from Zara, which has been gaining market share from rivals such […]
Inditex shares fell after reporting a slower start to the first quarter, with sales up only 4% compared to 11% the previous year. Analysts question if the company can meet the forecasted 8.8% growth for the quarter. While Inditex cited high comparables and invested in logistics, concerns about weakening demand, particularly in the US, have surfaced. Despite this, Inditex remains committed to profitable growth, increasing its dividend by 9% and planning significant capital spending for store improvements and expansion into new markets.
