Inditex's current Q1 results are coming out as poor, this is because of a variety of European fashion retailers that are indicating how tough 2018's first quarter actually was.
They underlined the poor results on Wednesday with net sales expanding to only 2% to reach €5.7 billion in the first three months of its financial year.
But what its figures also highlighted is just what a global powerhouse the company is, as even the combined headwinds of currency issues and the period’s weather woes couldn't force it into the negative territory that so many of its retail peers have been occupying.
Chief Pablo Isla highlighted “the strength of the integrated store and online model, bolstered by continued innovation, [that] is driving solid growth and notable job creation.”
