PARIS — Inditex Group, the Spanish retailer that runs the Zara chain, on Wednesday reported a 3.1 percent decline in second-quarter profits as business in its key Spanish market toughened.
The fast-fashion giant, which also runs the Pull and Bear, Massimo Dutti and Bershka stores, said net income in the three months through July reached 187 million euros, or $293.6 million, below most analysts’ estimates.
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