Zara-Owner Inditex Sales Rise Even as Global Economy Cools
Zara-owner Inditex SA's sales picked up in the early weeks of the second quarter, showing that a cooling global economy hasn't stopped customers from loading up on its fast-fashion products.
Revenue at the world's largest listed clothing retailer, not including currency effects, rose 6% in the five weeks to June 9 and grew faster than in the first quarter. Operating profit and revenues for that period were in line with analyst estimates.
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