Zara owner Inditex reports slowing quarterly sales growth

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Zara owner Inditex reports slowing quarterly sales growth
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Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said today, in line with analysts' expectations.

Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said today, in line with analysts' expectations.

Inditex, which also owns Pull&Bear, Massimo Dutti and other brands, is attempting to fend off intense competition from rivals such as H&M by chasing and delivering fashion trends faster.

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