Retailers downgrade outlook, as inflation and high inventories bite
Amazon yesterday reported a Q2 net loss of $2bn, which it said was in part ...
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By Alex Lennane
Air freight sweetheart Inditex has reported good results – especially in its growing businesses in Asia. Revenues rose 16% in the first part of the quarter, reflecting good trading in Asia. Inditex has profited in comparison with other retailers which rely on dollar-denominated garments sewn in Asia, while Inditex mainly manufactures in Spain, boosting exports with a weaker euro.
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