Newscasts - Zara owner Inditex reports better start to autumn sales
10/09/2025 15:57
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_5bec611g&referenceId=tag:reuters.com,2025:newsml_RW369610092025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Zara owner Inditex reported a better start to its autumn sales on Wednesday, an encouraging sign as the world's biggest listed fast-fashion retailer grappled with what its chief executive called a "complex market environment." Ciara Lee reports. Short Link: https://lseg.group/4m39WWp Video Transcript: Zara owner Inditex reported a better start to its autumn sales on Wednesday. It's an encouraging sign for the world's biggest listed fast-fashion retailer. It's been grappling with what its chief executive called a "complex market environment." Sales from August 1 to September 8 surged 9% in currency-adjusted terms compared to a year ago. Shares in Inditex, which have fallen this year, gained 6% in early trading Wednesday. The start of the third quarter was an improvement after sales for the second quarter came in at $11.8 billion, below expectations. A weaker US Dollar was partly to blame. And Inditex said currency changes would erode sales by 4% in 2025. A weaker Dollar means sales in the US, Inditex's second-biggest market by revenue after Spain, are worth less in Euro terms. Donald Trump has hiked tariffs on imports from a large number of major trading partners. That's driving many clothing and sneaker retailers who source from factories in Asia to hike US prices.