Madrid, January 10, 2026, 22:53 CET — The market has closed.
- Inditex shares slipped 0.56% on Friday, ending at €56.46 on roughly 2.6 million shares changing hands.
- Over the past year, the stock swung between €40.80 and €57.74.
- Investors are eyeing Inditex’s March 11 earnings, zeroing in on margins and currency impacts.
Shares of Zara parent Industria de Diseno Textil, S.A. (Inditex) slipped 0.56% Friday, closing at 56.46 euros on volume around 2.57 million. The stock remains close to its average target price of 56.07 euros, per MarketScreener data. (MarketScreener)
Inditex has already highlighted where the pressure lies, with the next major update due soon. The company will release its FY2025 results (Feb. 1 to Jan. 31) on March 11. It’s forecasting about a -4% currency impact on sales next year, while aiming to keep its gross margin stable, within plus or minus 50 basis points (remember, one basis point equals 0.01 percentage point). The retailer also plans to expand gross selling space by roughly 5% between 2025 and 2026 and expects ordinary capital expenditures close to €1.8 billion. At the end of October, its net cash position stood at €11.3 billion. (Inditex)
The drift lower came even as European stocks hit record highs, buoyed by Glencore surging after Rio Tinto revealed early talks to acquire the miner, plus gains in chipmakers following positive sector updates. (Reuters)
Inditex bounced between 56.10 and 56.96 euros on Friday. Its 52-week range runs from 40.80 to 57.74, which means the stock is closing in on the upper end — making the €56 level a clear hotspot that traders are repeatedly testing. (Investing)
Inditex’s latest update showed store and online sales climbed 10.6% in “constant currency” terms between Nov. 1 and Dec. 1, excluding exchange-rate effects. Third-quarter sales hit 9.8 billion euros, marking an 8.4% rise in constant currency. CEO Oscar Garcia Maceiras described the results as “a strong performance” amid challenging market conditions. Bernstein analyst William Woods highlighted solid domestic demand, calling Spain’s market “just been phenomenal.” (Reuters)
The bigger picture remains a tug-of-war. Inditex is focused on defending its pricing and maintaining store productivity, even as discount-driven online rivals chip away at the lower end of the market.
No new company headlines are expected to drive trading in the upcoming session. Market moves will probably follow overall risk appetite and any shifts in the euro that impact investor views on reported sales versus constant-currency growth.
Next up: how far did markdowns dig in late December? Did winter demand keep pace after the Black Friday surge? And did gross margin — the portion of sales left once product costs are covered — hold steady despite shifting volumes?
But hard data is missing between the December update and the March results. A stronger currency headwind, signs of weakening demand that trigger steeper discounts, or any indication that growth is cooling as the new fiscal year kicks off could shift the narrative fast.
The focus now shifts to Inditex’s March 11 results and the insights they offer on how trading kicked off this year.
