Zara owner Inditex shares knocked down by weaker half-year growth report
The unexpectedly low margin growth overshadowed strong sales in the period, but shares have risen 28% in the year to date
11 September 2019 - 18:41
Madrid — On Wednesday, the world’s biggest fashion retailer, Inditex, reported weaker-than-expected growth in profit margins in the first half of the year, knocking its shares lower.
The disappointing margin growth overshadowed strong growth in sales in the first half, buoyed by good summer weather in Europe. Shares of the company, which had risen 28% in the year to date, were trading 1.6% lower at 7.47am GMT...
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