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Zara owner Inditex reports slowing quarterly sales growth

By Thomson Reuters Jun 5, 2024 | 12:38 AM

MADRID (Reuters) – Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts’ expectations.

The performance represented a slowdown from a year ago when it benefited from a post-pandemic shopping spree.

(Reporting by Corina Pons, editing by Inti Landauro)