Zara owner Inditex reports stronger-than-expected start to summer trading

Zara owner Inditex has posted a strong start to summer trading, with sales growth in May coming in ahead of analyst expectations.
The fast fashion giant said currency-adjusted sales rose 11.5 per cent in May, beating forecasts for 8 per cent growth and offering reassurance that the retailer continues to attract shoppers despite pressure on household budgets.
For its first quarter, which ran from February to April, Inditex reported currency-adjusted sales growth of 8.8 per cent.
The Spanish retai