By  on September 17, 2008

PARIS – Inditex, the Spanish retailer that runs the Zara chain, reported a 3.1 percent decline in second-quarter net profit as business in its key Spanish market toughened.

The fast-fashion giant, which also runs the Paul and Bear, Massimo Dutti and Bershka chains, said net income in the three months through July 31 reached 187 million euros, or $293.6 million, below most analysts’ estimates.

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