Zara owner Inditex sees shares fall as sales growth slows

  • Shares in clothing retail giant Inditex fell 5% to €46.7 after it posted first-quarter earnings and warned of a higher expected impact from currency swings this year.  The Spanish owner of high street brands including Zara and Massimo Dutti reported earnings per share of €0.42 for the three months to 30 April, which compared to a consensus analyst forecast of €0.42.