Zara parent Inditex to grow by 30 US stores

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Zara parent Inditex to grow by 30 US stores

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Inditex, the parent of fashion retailer Zara, reported a 16% increase in spring-summer collection sales in May and beat analysts’ forecasts for fiscal first-quarter profit amid strong sales in southern Europe. The Spain-based company, whose portfolio also includes Pull&Bear and Massimo Dutti, plans to open 30 new US stores over the next two years. Reuters

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