H&M EARNINGS DECLINE ON WEAKEST SALES GROWTH IN THREE YEARS

H&M EARNINGS DECLINE ON WEAKEST SALES GROWTH IN THREE YEARS. A cold, rainy spring has added to the challenges faced by European retailers as consumers curb spending on clothing. Still, the weather didn’t stop Zara owner Inditex SA reporting a 6 percent increase in earnings in the three months through April, aided by its fast distribution system. [BLOOMBERG]