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ZARA SALES SLUMP

<!--StartFragment--> THE parent of high street retailer Zara yesterday posted its sharpest fall in quarterly profits for five years as the recession took its toll. Spanish group Inditex, which owns Zara, reported a 16 per cent fall in net income to &euro;184m (&pound;157m). Inditex said it had experienced a four per cent increase in clothing sales in recent weeks as confidence returned and shoppers were lured by new season items. <!--EndFragment-->