Zara owner Inditex flags slowing summer sales as quarterly revenues miss expectations

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  Posted by Two Blokes Jun 11 - Filed in Stock - 6 views
  
  Zara owner Inditex on Wednesday posted weaker-than-expected first quarter sales while flagging a slower start to the summer season than last year. The Spanish retailer reported revenues of 8.27 billion euros ($9.44 billion) in the three-month period, slightly shy of the 8.39 billion euros forecast by LSEG analysts.