By  on December 11, 2008

PARIS — Inditex, the Spanish retailer that runs the Zara chain, said net income in the third quarter advanced 1 percent to 437 million euros, or $567.5 million, below most analysts’ estimates.

The firm, which also runs the Pull and Bear, Stradivarius, Massimo Dutti and Oysho chains, said Thursday that sales in the quarter grew 11 percent to 2.79 billion euros, or $3.62 billion, as business contracted in the slowing Spanish economy.

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