Madrid, January 17, 2026, 22:39 CET — The market has closed.
- Inditex closed Friday with a slight gain, even as Spain’s main index dipped heading into the weekend.
- According to a Spanish media report, Zara’s first store in A Coruña will shut its doors on Jan. 30.
- Attention now turns to winter demand trends and Inditex’s full-year results set for March.
Zara parent company Industria de Diseno Textil SA (Inditex) closed Friday at 55.86 euros, rising 0.36%, while Spain’s IBEX 35 dipped 0.15%. About 1.8 million Inditex shares traded. The stock has fallen 1.06% over the past five days and is down 0.85% year to date. 1
Madrid is closed for the weekend, and trading won’t pick up until Monday. So, Inditex heads into the next session without any new corporate news to drive it. That usually means the stock will move based on risk sentiment, interest rates, and whatever surprises Europe’s earnings season delivers.
Inditex matters as a major IBEX player and a clear gauge of European consumer demand. The company’s fiscal year is nearing its close, pushing investors to zero in on margins, discounting strategies, and currency impacts.
Spanish radio station Cadena SER has reported that Inditex will shut Zara’s original store on Juan Flórez street in A Coruña on Jan. 30, ending nearly 51 years of operation. The closure was confirmed by sources within Inditex. 2
By itself, that kind of closure doesn’t count as an earnings event. But it aligns with a broader strategy at Inditex: scaling back the number of stores while making each location larger and focusing more on online sales and “integrated” retail—where stores serve both as showrooms and fulfillment centers.
Europe’s wider market held a choppy pattern through Friday’s close. The STOXX 600 ended unchanged, while the luxury sector tumbled 3.2%—its steepest daily slide since early October, Reuters noted. Morningstar strategist Michael Field commented, “European equities aren’t cheap anymore, but they’re not expensive either.” 3
Inditex is due to release its FY2025 results (Feb. 1 to Jan. 31) on March 11, according to its latest interim update. The company reported a 10.6% rise in store and online sales in constant currency from Nov. 1 to Dec. 1, excluding FX fluctuations. It flagged an expected currency headwind of about 4% on 2025 sales and forecasted a gross margin roughly flat, within a 50 basis point range either way. 4
At its nine-month report in early December, Inditex CEO Oscar Garcia Maceiras described the company’s results as “strong” and forecast a “stable” gross margin for the year. Bernstein analyst William Woods noted that the update seemed poised to boost expectations rather than drag them down. 5
The downside is well-known: a stronger euro, steeper discounting during winter sales, or a dip in consumer spending could quickly tighten margins. Inditex has highlighted currency fluctuations as a key risk. Maceiras noted last year that while the group is monitoring U.S. tariffs, “I don’t think we are concerned,” given how low the current duties remain. 6
Next week, traders will watch consumer cyclicals closely as European earnings roll in and rate forecasts shift. If retailers ramp up promotions, it could weigh on Inditex—even if the company itself stays quiet.
The next real catalyst arrives March 11. That’s when Inditex will report winter demand figures, discuss currency impacts and margins, and offer a clearer foundation for 2026 outlooks.
