It's been a cold spring and summer in Europe and the world's biggest fashion retailers - Inditex and H&M - are feeling the effects. Spain's Inditex, which owns the Zara chain, has posted its weakest quarterly growth in net profit in four years. The group saw sales rise just over 5% in the first quarter. European consumers are still strapped for cash - and the weather has done little to help sales of summer outfits. It's a similar story at Sweden's H&M.moreless
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