Europe's warm autumn slows Zara's Q3 sales
Analysts optimistic of better year-end sales; billionaire owner Amancio Ortega seeks US$472m for buyer of 16 stores
London
INDITEX, the world's biggest clothes retailer and owner of Zara stores, reported a slowdown in sales growth in its third quarter on Wednesday as Europe's warm autumn kept shoppers away, although analysts pointed to a brighter end of the year.
Fashion retailers such as Next and John Lewis have already reported a hit from warmer-than-usual weather as shoppers passed on new winter ranges. Inditex's biggest rival, Sweden's H&M, will report results on Friday.
Inditex's sales between August and October rose six per cent to 6.3 billion euros (S$10.01 billion), in line with analysts' forecasts, against 10…
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