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Why did Zara owner Inditex's shares crash 7%?
short by Pragya Swastik / on Wednesday, 12 March, 2025
Fashion brand Zara's owner Inditex's shares crashed more than 7% on Wednesday after the company reported a slower start to its first quarter starting February 1. The company's sales were up just 4% in currency-neutral terms from February 1-March 10, Inditex said, compared to an 11% growth a year ago. Analysts' forecast predicts an 8.8% growth for the first quarter.
read more at Reuters