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Inditex Sales Miss Estimates as Zara Avoids Price Cuts

Join Isko and Rivet magazine on June 3 at 11 am ET for REFASHIONED, a roundtable discussion on the denim industry’s new normal, from concept to consumer.

After sales misses estimates thanks to unfavorable currency impacts, unseasonably warm weather and a resistance to lower prices in the face of stiff fast fashion competition, the Inditex Group saw its shares slide more than 4 percent in early trading Monday, reaching $14.19. In a Nutshell: The key term for the Inditex’s latest results was…

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