While Zara has successfully held off competition from new players and online upstarts, the U.S. is its second largest market and tariffs have prompted trade warnings.

After years of riding a post-pandemic boom, Zara owner Inditex SA is showing signs of coming back to Earth. Sales of the world’s largest listed clothing retailer were off to a slower start in 2025, rising just 4% in the five weeks to March 10 on a constant-currency basis compared with 10.

Zara owner Inditex's emissions from transport jumped by 10% in 2024 as the fast-fashion retailer used more flights to move clothes from production centres in Asia to its logistics hub in Spain and into stores.