Zara owner’s sales slow as US duties curb growth

In the first half of the year, Inditex reported a 3.8 per cent drop in sales in the Americas, including the US, its second largest source of revenue, due to ‘complex’ markets. In addition to duties, the strong dollar also weighed.

Inditex said on Wednesday that sales grew 1.7 per cent year-on-year… Analysts had accepted that Inditex’s era of stellar performance was over, but had predicted faster growth of 3.4%.