Zara Owner Jumps, Primark Parent Slips as Fortunes Diverge -- Market Talk

Dow Jones
Sep 10

0901 GMT - Shares in Zara owner Inditex rise while those in Primark parent Associated British Foods drop, with the European fashion companies' diverging fortunes in focus, AJ Bell's Russ Mould says in a market comment. Fashion retailers are dealing with challenges on multiple fronts, he says. Also, both Inditex and Primark have U.S. operations that are navigating President Trump's tariffs and adverse currency fluctuations, Mould says. "The difference between Inditex and Primark is that the former is more upbeat about current [performance], explaining why its shares jumped on its update," he says. Spain's Inditex said sales growth picked up to 9% at constant currency in August and early September, while AB Foods said Primark sales are projected to grow 1% for the quarter to mid-September. Inditex shares climb 7.1%, while AB Foods sheds 10%. (adria.calatayud@wsj.com)

 

(END) Dow Jones Newswires

September 10, 2025 05:02 ET (09:02 GMT)

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