Zara owner Inditex misses Q1 sales estimates despite growth

Zara owner Inditex reported a 1.5% rise in first-quarter sales to €8.27bn (£7.3bn), falling short of analyst expectations of €8.36bn, as the fast-fashion giant faces a more cautious consumer environment.
The Spanish retailer’s revenue growth slowed compared with the same period last year, which saw sales increase by 7%.
Inditex attributed the softer start to the year partly to “cooler weather” in key markets such as Spain, which accounts for around 15% of its gl