Zara owner Inditex ITX 0.81% reported a slowdown in sales growth at the start of its fiscal year, at a time when the rise of Chinese low-cost online platforms is heating up competition in the fast ...

It was also slower than the sales growth in the nine months to October. The shares, which hit a record high on Dec. 5, fell as much as 7.7% in early Madrid trading, the most since March 2022.

MADRID: Zara owner Inditex missed expectations for first-quarter sales and early summer trading on Wednesday, as tariff fallout complicated the fast-fashion retailer’s efforts to maintain strong ...

Sales in the second quarter ended July 31 were up 51 percent to 6.99 billion euros compared with the corresponding period last year, and rose 7 percent versus 2019 on a constant currency basis.