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“A pioneering new tagging system will mean Inditex brands including Zara will be able to restock best-selling items with greater speed”

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“Inditex SA (ITX), the world’s largest clothing retailer, reported first-quarter profit that topped analysts’ estimates as the Zara owner kept a rein on expansion costs by relying more heavily on e-commerce for growth.

Net income fell 7.3 percent to 406 million euros ($550 million) in the three months through April, the Arteixo, Spain-based owner of Zara stores said today in a statement. The average estimate of 19 analysts was 391.2 million euros.”

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Decoded Fashion - Fashion Tech Daily - Zara