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Zara-owner Inditex's H1 gross margin eroded by strong euro

It posted a 9% higher profit of 2.29 billion euros before interest, tax, depreciation and amortisation

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Inditex's business model of responding to catwalk trends in small batches of apparel which are not replaced when they sell out has helped it consistently outperform rivals such as Sweden's H&M.

Madrid

INDITEX, the world's biggest clothing retailer and owner of the Zara brand, posted a 9 per cent rise in first-half profit but gross margin as a percentage of sales slipped from the year-ago period due to the stronger euro.

The Spanish company, which also owns teen brand...

sentifi.com

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