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flag Inditex, Zara's parent company, reports strong annual sales growth but sees slower first-quarter gains.

flag Zara's parent company, Inditex, reported fourth-quarter sales of €11.2 billion, meeting analysts' expectations and marking a year of strong growth with a 10.5% increase to €38.6 billion. flag However, first-quarter sales showed a slower pace, growing only 4% compared to last year's 11%. flag Inditex plans to spend €1.8 billion on store refurbishments and technology improvements and aims to expand into Iraq, Sweden, Germany, and the Netherlands.

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