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Inditex, Zara's parent company, reports lower sales and slower summer growth, citing tariff uncertainties.
Zara's parent company, Inditex, reported lower-than-expected sales for the first quarter, reaching €8.27 billion, which is below analysts' forecasts.
The company also saw a slower start to its summer sales, with growth of 6% from May 1 to June 9, compared to 12% last year.
Inditex blamed uncertainties over U.S. tariffs and a challenging trading environment for the slowdown.
Shares fell 4% in early trading.
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Inditex, la compañía matriz de Zara, informa de ventas más bajas y un crecimiento más lento en verano, citando incertidumbres arancelarias.